An evaluation of the monetary transmission mechanisms in South Africa

The aim of this paper is to see whether the adoption of the Inflation Targeting regime has had an impact on the Monetary Transmission Mechanisms in South Africa. I employ a reduced-form VAR model to test the strength of the Monetary Transmission Mechanisms during two distinctly different monetary policy regimes. I investigate the strength of the various transmission channels during the Monetary Targeting regime using data from 1986-1999 and the Inflation Targeting regime using data from 2000-2010.

Grantor dc:publisher.institution

School of Economics

Year dc:date.issued

2011

Author dc:creator

• Thlaku, Thabang

Advisor dc:contributor.advisor

• Ellyne, Mark

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/11427/11092

OAI identifier oai:identifier

oai:open.uct.ac.za:11427/11092