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Estimating a Philipps Curve for South Africa: A Bounded Random Walk Approach

Author

Listed:
  • Alain Kabundi
  • Eric Schaling
  • Modeste Some

Abstract

Introduction The Phillips curve depicts the relationship between current inflation and past inflation, expected inflation, and economic activity. This relationship is essential particularly for central banks with a dual mandate of stabilising inflation and maintaining the economy at full employment. Many attempts at both estimating the Phillips curve assume a constant relationship between inflation and […]

Suggested Citation

  • Alain Kabundi & Eric Schaling & Modeste Some, 2016. "Estimating a Philipps Curve for South Africa: A Bounded Random Walk Approach," Working Papers 68, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:68
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    Citations

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    Cited by:

    1. Zia-Ur- Rahman, 2019. "Influence of Excessive Expenditure of the Government in Perspective of Interest Rate and Money Circulation Which in Turn Affects the Growing Process in Pakistan," Asian Journal of Economics and Empirical Research, Asian Online Journal Publishing Group, vol. 6(2), pages 120-129.
    2. Eliphas Ndou & Nombulelo Gumata & Mthuli Ncube & Eric Olson, 2013. "Working Paper 189 - An Empirical Investigation of the Taylor Curve in South Africa," Working Paper Series 992, African Development Bank.
    3. Lumengo Bonga-Bonga & Ntsakeseni Letitia Lebese, 2019. "Rethinking The Current Inflation Target Range In South Africa," Journal of Developing Areas, Tennessee State University, College of Business, vol. 53(2), pages 13-27, April-Jun.
    4. Irfan Ahmad Shah & Manmohan Lal Agarwal & Srikanta Kundu, 2019. "Welfare Cost of Inflation: Evidence from India," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 17(4), pages 781-799, December.
    5. Steven F. Koch & Adel Bosch, 2009. "Inflation and the Household: Towards a Measurement of the Welfare Costs of Inflation," Working Papers 200917, University of Pretoria, Department of Economics.

    More about this item

    Keywords

    Commodity prices; Inflation; Qualitative Methods; Quantitative Methods;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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