An evaluation of the monetary transmission mechanisms in South Africa

Master Thesis

2011

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http://hdl.handle.net/11427/11092
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thesis_com_2011_thlaku_t.pdf (1.07 MB)
Authors
Thlaku, Thabang
Supervisors
Ellyne, Mark
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University of Cape Town

Department
School of Economics
Faculty
Faculty of Commerce
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Abstract
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.
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Reference:

Thlaku, T. 2011. An evaluation of the monetary transmission mechanisms in South Africa. University of Cape Town.

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