Hidden Bibliographic Details
| Other authors / contributors: | Topak, Secil, author.
International Monetary Fund. African Department.
|
|---|
| ISBN: | 1283512688
9781283512688
1451992297
9781451992298
9781451994339
1451994338
1462330568
9781462330560
9786613825131
6613825131
|
|---|
| Notes: | At head of title: African Department.
"December 2008."
Includes bibliographical references (pages 24-25).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2011.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2011 HathiTrust Digital Library committed to preserve
Print version record.
|
|---|
| Summary: | When faced with a relative price shock, monetary authorities often aim to contain its second round effects on inflation while accepting first round effects. We analyze the experience of South Africa and other inflation targeters to explore whether and when this policy prescription implies changing the monetary policy stance. Inflation targeting central banks differ on how aggressively they typically react to relative price shocks, reflecting differences in resilience of underlying inflation to such shocks. An examination of individual policy decisions reveals the importance of the broader economic context in framing the responses to relative price shocks.
|
|---|
| Other form: | Print version: Cuevas, Alfredo. Monetary policy and relative price shocks in South Africa and other inflation targeters. Washington, D.C. : International Monetary Fund, ©2008
|
|---|
| Standard no.: | 10.5089/9781451992298.001
|
|---|
