Inflation targeting: how the SARB is succeeding in anchoring of inflation expectations

Monique Reid
Authors registered in the RePEc Author Service: Johannes Wolfgang Fedderke, Lawrence Edwards and Alberto Behar ()

No 6, Working Papers from Economic Research Southern Africa

Abstract: Evidence suggest that the use of inflation targeting by the South Africa Reserve Bank (SARB) has supported the anchoring of inflation expectations in South Africa. The monetary policy success is gauged by measuring the sensitivity of inflation expectations to surprise movements in macro-economic variables.

Keywords: bank regulation; central bank; Inflation targeting; Monetary Policy; South Africa (search for similar items in EconPapers)
JEL-codes: E4 P44 (search for similar items in EconPapers)
Date: 2009-08-01
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Citations: View citations in EconPapers (9)

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