Relevant bibliographies by topics / Inflation – South Africa / Journal articles
To see the other types of publications on this topic, follow the link: Inflation – South Africa.

Journal articles on the topic 'Inflation – South Africa'

Author: Grafiati
Published: 4 June 2021
Last updated: 9 February 2022

Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles

Select a source type:

Consult the top 50 journal articles for your research on the topic 'Inflation – South Africa.'

Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.

You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.

Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.

1

Mboweni, T. T. "Inflation Targeting in South Africa." South African Journal of Economics 67, no. 4 (December 1999): 221–25. http://dx.doi.org/10.1111/j.1813-6982.1999.tb01152.x.

Full text
APA, Harvard, Vancouver, ISO, and other styles
2

Moolman, E., and CB Du Toit. "Modelling price determination in South Africa." South African Journal of Economic and Management Sciences 7, no. 1 (July 23, 2004): 151–69. http://dx.doi.org/10.4102/sajems.v7i1.1434.

Full text
Abstract:
South Africa has been faced with high inflation rates since the early 1970s. Despite continued monetary discipline the inflation target has not yet been met, highlighting South Africa’s price-vulnerability as a small open emerging economy and raising questions about the efficiency of monetary policy. The objectives of this paper are: (i) to analyse the influence of monetary policy on inflation in the small open emerging economy of South Africa, (ii) to highlight the channels other than monetary policy through which inflation can be influenced (iii) to analyse the influence of international prices and the exchange rate on inflation, (iv) to determine the role of the labour market on inflation, especially through wage-push dynamics and (v) to determine the role of demand-pull factors on inflation.
APA, Harvard, Vancouver, ISO, and other styles
3

Maduku, Harris, and Irrshad Kaseeram. "Inflation Targeting Monetary Policy and Unemployment in South Africa." Journal of Economics and Behavioral Studies 10, no. 4(J) (September 14, 2018): 88–96. http://dx.doi.org/10.22610/jebs.v10i4(j).2410.

Full text
Abstract:
We analyze the impact of inflation, growth and exchange rate on unemployment in South Africa using annual data spanning 1980- 2017. Using the ARDL methodology we find that there is a negative longrun relationship between inflation and unemployment in South Africa and inflation is significant in explaining unemployment. Other variables of interest, economic growth and exchange rate are also significant in explaining unemployment. We use the findings of our study to propose that the South African Reserve Bank(SARB) should consider revising its objectives so that they can consider getting involved in targeting unemployment so that they help nurse the economy from the wounds of high inequality and poverty.
APA, Harvard, Vancouver, ISO, and other styles
4

Sibanda, Kin, Progress Hove, and Genius Murwirapachena. "Oil Prices, Exchange Rates, And Inflation Expectations In South Africa." International Business & Economics Research Journal (IBER) 14, no. 4 (July 14, 2015): 587. http://dx.doi.org/10.19030/iber.v14i4.9351.

Full text
Abstract:
Informed inflation expectations facilitate the extemporisation of a proper monetary policy framework that allows for the achievement of economic objectives, among them price stability. This study used the vector autoregression model to assess the impact of crude oil prices and exchange rates on inflation expectations in South Africa. Monthly time-series data for the period July 2002 to March 2013, obtained from the electronic database of the South African Reserve Bank were used. The study obtained statistically significant results suggesting that both crude oil prices and the exchange rates have a positive impact on inflation expectations in South Africa.
APA, Harvard, Vancouver, ISO, and other styles
5

du Plessis, Stan, Gideon du Rand, and Kevin Kotzé. "Measuring Core Inflation in South Africa." South African Journal of Economics 83, no. 4 (May 9, 2015): 527–48. http://dx.doi.org/10.1111/saje.12090.

Full text
APA, Harvard, Vancouver, ISO, and other styles
6

Hodge, D. "Inflation and growth in South Africa." Cambridge Journal of Economics 30, no. 2 (June 6, 2005): 163–80. http://dx.doi.org/10.1093/cje/bei051.

Full text
APA, Harvard, Vancouver, ISO, and other styles
7

Rossouw, Jannie, Vishnu Padayachee, and Adel Bosch. "Links or disconnect: a first consideration of inflation expectations and inflation credibility, with specific reference to South Africa." South African Journal of Economic and Management Sciences 12, no. 4 (April 26, 2011): 475–92. http://dx.doi.org/10.4102/sajems.v12i4.190.

Full text
Abstract:
This paper compares international and domestic inflation expectations and inflation credibility, and hypothesises about a possible link or disconnect between inflation expectations and inflation credibility among South Africans. No similar tests have previously been performed using South African data, and there is also a general lack of domestic and international literature on any such possible link or disconnect. While research shows that inflation expectations are taken into account by all countries targeting inflation, inflation credibility is very seldom considered. Although the hypothesis is confirmed in certain instances, it is refuted by a disconnect between the inflation expectations and inflation credibility of male and female respondents in South Africa, which cannot be explained by available data.
APA, Harvard, Vancouver, ISO, and other styles
8

Bosch, A., J. Rossouw, and V. Padayachee. "Inflation perceptions and inflation expectation in South Africa: trends, determinants and comparisons (2006–2010)." Southern African Business Review 19, no. 1 (February 26, 2019): 1–21. http://dx.doi.org/10.25159/1998-8125/5831.

Full text
Abstract:
This paper reports the results of a multinomial analysis of inflation perceptions and inflation expectations in South Africa. Inflation perceptions surveys among South African individuals have been undertaken since 2006. The introduction of these surveys followed on domestic inflation expectation surveys conducted in 2000, and the use of inflation perceptions surveys internationally. Domestic inflation perceptions surveys among individuals are a private initiative undertaken biennially, while domestic inflation expectation surveys among individuals are funded by the South African Reserve Bank and are undertaken quarterly. By comparing the results of domestic inflation perceptions surveys and inflation expectation surveys undertaken since 2006, this paper establishes common characteristics that impact on the formulation of inflation perceptions and inflation expectations. It supplements earlier research that focused only on the results of the 2006 and 2008 perceptions survey results. With the completion of the third biennial inflation perceptions survey in 2010, more data sets are available for the purposes of comparison. Furthermore, the questions on inflation perceptions were expanded in the third survey. Although this provides for a broader basis of analysis between inflation perceptions surveys and inflation expectation surveys, further periodic inflation perceptions survey data will be required to test whether current inflation figures determine and anchor inflation expectations.
APA, Harvard, Vancouver, ISO, and other styles
9

Eita, Joel Hinaunye. "Inflation And Stock Market Returns In South Africa." International Business & Economics Research Journal (IBER) 11, no. 6 (May 30, 2012): 677. http://dx.doi.org/10.19030/iber.v11i6.7020.

Full text
Abstract:
This paper investigated the relationship between stock market returns and inflation in South Africa and revealed that stock market returns and inflation in South Africa are positively related. An increase in inflation results in an increase in stock prices. The results also indicate that when all-share index is used as the measure of stock market returns, the causality is bi-directional. However, when gold index is used as a proxy for stock market returns, the causality is unidirectional, running from inflation to stock market returns. The positive association between these two variables suggests that equities are a hedge against inflation in South Africa.
APA, Harvard, Vancouver, ISO, and other styles
10

Gevers, Wim R. "The income measurement properties of two crude inflation-accounting models." South African Journal of Business Management 25, no. 1 (March 31, 1994): 30–38. http://dx.doi.org/10.4102/sajbm.v25i1.839.

Full text
Abstract:
Although the inflation rate in South Africa has been high over an extended period of time, accounting for the effect of inflation has not progressed further than Guideline AC201 of the South African Institute of Chartered Accountants. Research in the United States of America and the United Kingdom on the value of published inflation-accounting data has yielded little evidence of information content. Similar findings were obtained in South Africa based on estimated inflation-accounting data. Evidence of the income measurement properties of inflation-adjusted data in the USA has, however, been documented. In this article the income measurement properties of two simplified or crude inflation-accounting models are determined for industrial companies listed on the Johannesburg Stock Exchange (JSE). It is found that the historic cost income generally behaves as expected, but that the inflation adjustments to income contain little or no income measurement properties. The little positive evidence found points to the desirability of the disclosure of holding gains information.
APA, Harvard, Vancouver, ISO, and other styles
11

Fedderke, Johannes, and Yang Liu. "Inflation in South Africa: An Assessment of Alternative Inflation Models." South African Journal of Economics 86, no. 2 (May 15, 2018): 197–230. http://dx.doi.org/10.1111/saje.12192.

Full text
APA, Harvard, Vancouver, ISO, and other styles
12

rangasamy, logan. "INFLATION PERSISTENCE AND CORE INFLATION: THE CASE OF SOUTH AFRICA." South African Journal of Economics 77, no. 3 (September 2009): 430–44. http://dx.doi.org/10.1111/j.1813-6982.2009.01222.x.

Full text
APA, Harvard, Vancouver, ISO, and other styles
13

Rangasamy, Logan. "The impact of petrol price movements on South African inflation." Journal of Energy in Southern Africa 28, no. 1 (March 23, 2017): 120. http://dx.doi.org/10.17159/2413-3051/2017/v28i1a1597.

Full text
Abstract:
This paper analyses the impact of petrol price movements on inflation outcomes in South Africa since the mid-1970s. The results show that, over time, the direct contribution of petrol inflation to headline inflation has not only increased, but has also exceeded its weight in the consumer price index. In addition, Granger causality tests and the autoregressive distributed lag approach to co-integration testing reveal that petrol prices have an important bearing on the prices of other (non-petrol) commodities in the economy. The results essentially show that petrol price increases had an important bearing on inflation outcomes in South Africa. This implies that petrol price movements warrant special attention in policy formulation and implementation in South Africa if inflation outcomes were to be kept in check. Keywords: commodity prices, energy prices, inflation, core inflation
APA, Harvard, Vancouver, ISO, and other styles
14

Mavikela, Nomahlubi, Simba Mhaka, and Andrew Phiri. "The Inflation-Growth Relationship in SSA Inflation-Targeting Countries." Studia Universitatis Babes-Bolyai Oeconomica 64, no. 2 (August 1, 2019): 84–102. http://dx.doi.org/10.2478/subboec-2019-0011.

Full text
Abstract:
Abstract This paper investigates the relationship between inflation and economic growth for South Africa and Ghana using quarterly empirical data collected from 2001 to 2016 applied to the quantile regression method. For our full sample estimates we find that inflation is positively related with growth in Ghana at high inflation levels whilst inflation in South Africa exerts its least adverse effects at high inflation levels. However, when particularly focusing on the post-crisis period, we find inflation exerts negative effects at all levels of inflation for both countries with inflation having its least adverse effects at high levels for Ghana and at moderate levels for South Arica. Based on these findings bear important implications for inflation targeting frameworks adopted by Central Banks in both countries.
APA, Harvard, Vancouver, ISO, and other styles
15

Nemushu, Azwifaneli Innocentia (Mulaudzi). "Rand volatility and inflation in South Africa." Journal of Economic & Financial Studies 4, no. 6 (January 4, 2017): 08. http://dx.doi.org/10.18533/jefs.v4i6.113.

Full text
APA, Harvard, Vancouver, ISO, and other styles
16

Leshoro, T. L. A. "Estimating the Inflation Threshold for South Africa." Studies in Economics and Econometrics 36, no. 2 (August 1, 2012): 53–66. http://dx.doi.org/10.1080/10800379.2012.12097238.

Full text
APA, Harvard, Vancouver, ISO, and other styles
17

Burger, Philippe. "Inflation and Market Uncertainty in South Africa." South African Journal of Economics 82, no. 4 (July 3, 2014): 583–602. http://dx.doi.org/10.1111/saje.12057.

Full text
APA, Harvard, Vancouver, ISO, and other styles
18

KERSHOFF, GJ, and BW SMIT. "Conducting Inflation Expectation Surveys in South Africa." South African Journal of Economics 70, no. 3 (March 2002): 205–12. http://dx.doi.org/10.1111/j.1813-6982.2002.tb01299.x.

Full text
APA, Harvard, Vancouver, ISO, and other styles
19

Rossouw, Jannie, Vishnu Padayachee, and Stephanus Johannes Joubert. "An international comparison of inflation credibility surveys." South African Journal of Economic and Management Sciences 16, no. 2 (May 31, 2013): 142–53. http://dx.doi.org/10.4102/sajems.v16i2.316.

Full text
Abstract:
This paper analyses the methodology used in assessing inflation credibility (i.e. perceptions of the accuracy of historical inflation rates) in countries targeting inflation, and compares the approaches used in New Zealand, South Africa and Sweden. The results indicate an implied inverse (or negative) relationship in all but one instance, between the direction of actual inflation and the perception of inflation among the respondents. The analysis also shows a lack of knowledge about inflation and price increases among South African respondents, which is absent from similar surveys in New Zealand and Sweden. Important research questions identified include possible links between inflation credibility and the adoption date of inflation targeting, as well as the type and range of targets used.
APA, Harvard, Vancouver, ISO, and other styles
20

Kabundi, Alain, and Eric Schaling. "Inflation and Inflation Expectations in South Africa: an Attempt at Explanation." South African Journal of Economics 81, no. 3 (June 20, 2013): 346–55. http://dx.doi.org/10.1111/saje.12007.

Full text
APA, Harvard, Vancouver, ISO, and other styles
21

Madito, Oatlhotse, and Nicholas M. Odhiambo. "The Main Determinants of Inflation in South Africa: an Empirical Investigation." Organizations and Markets in Emerging Economies 9, no. 2 (December 31, 2018): 212–32. http://dx.doi.org/10.15388/omee.2018.10.00011.

Full text
Abstract:
This study investigated the determinants of inflation in South Africa using quarterly data from 1970Q1 to 2015Q4. The study was motivated by recent trends in domestic inflation that has frequently been at the upper end of the target range of between 3% and 6%, and the need to guide inflation-related policy since 2008. These recent trends raised concerns regarding the effectiveness of the current monetary policy approach in responding to internal and external factors that are significant in determining domestic inflation. Using Error Correction Model (ECM) modelling techniques, empirical results revealed that inflation expectations, labour costs, government expenditure and import prices are positive determinants, while GDP and exchange rates are negative determinants of inflation. To achieve the macroeconomic policy objective of a stable and low inflation rate for South Africa, more emphasis should be placed on anchoring inflation expectations, which was found to be highly significant in determining inflation.
APA, Harvard, Vancouver, ISO, and other styles
22

Şahin, Y. Ş., and S. Levitan. "A stochastic investment model for actuarial use in South Africa." South African Actuarial Journal 20, no. 1 (January 28, 2021): 49–79. http://dx.doi.org/10.4314/saaj.v20i1.3.

Full text
Abstract:
In this paper, we propose a stochastic investment model for actuarial use in South Africa by modelling price inflation rates, share dividends, long-term and short-term interest rates for the period 1960–2018 and inflation-linked bonds for the period 2000–2018. Possible bi-directional relations between the economic series have been considered, the parameters and their confidence intervals have been estimated recursively to examine their stability, and the model validation has been tested. The model is designed to provide long-term forecasts that should find application in long-term modelling for institutions such as pension funds and life insurance companies in South Africa Keywords: Stochastic investment models; price inflation; share dividend yields; share dividends; share prices; long-term interest rates; short-term interest rates; inflation-linked bonds; South Africa
APA, Harvard, Vancouver, ISO, and other styles
23

A, Sanusi K., and Meyer D. F. "An Econometric Analysis of the Relationship between Changes in Government Bonds, Exchange Rate and Inflation Dynamics in South Africa." Journal of Economics and Behavioral Studies 10, no. 4(J) (September 14, 2018): 165–73. http://dx.doi.org/10.22610/jebs.v10i4(j).2416.

Full text
Abstract:
The study examined the dynamic interaction between government bonds, exchange rate and inflation in South Africa. The study follows a quantitative research method, using monthly time series data from 2007 to 2017 within the framework of a Vector Autoregressive Analysis (VAR). Evidence from the empirical analysis shows that government bond accounts for significant variation in the exchange rate and inflation rate within the study period. The causality test also suggests the presence of uni-directional causal relationships from government bonds to exchange rate, and also to the inflation rate. The principal conclusion that emanates from the empirical analysis is that government bonds are an important policy instrument in the management of the exchange rate and the inflation rate in South Africa. The study recommends that the South African Reserve Bank is a coordinator of government bond and should carry out an in-depth analysis of the economic conditions before issuing the government bonds, taking into account its impeding effects on the exchange rate and inflation rate and many other macroeconomic variables.
APA, Harvard, Vancouver, ISO, and other styles
24

Beaumont-Smith, M., LW Murray, C. N’Cho-Oguie, and DL Blakley. "The effects of macroeconomic instability and inflation on sustainable real growth in South African firms." South African Journal of Economic and Management Sciences 6, no. 4 (November 15, 2003): 666–92. http://dx.doi.org/10.4102/sajems.v6i4.1512.

Full text
Abstract:
This empirical study is an investigation of the impact that inflation and other factors have had on the growth of business firms in South Africa. Using the model of sustainable growth, an empirical multivariate model is developed to test a variety of assumed relationships and to isolate the impact of inflation. A data set of South African firms’ financial statements during the period 1983- 1996 was assembled to permit a detailed examination of these firms’ financial performance during South Africa’s period of isolation. Utilising both direct and indirect measures of inflation, we determine that inflation affects growth in a negative manner. By combing firm-level and macro data issues relating to the endogeneity of inflation, we argue that macroeconomic instability is the true factor adversely affecting firm growth during this period of time.
APA, Harvard, Vancouver, ISO, and other styles
25

Arora, Vivek. "Monetary policy transparency and financial market forecasts in South Africa." Journal of Economic and Financial Sciences 2, no. 1 (April 30, 2008): 31–56. http://dx.doi.org/10.4102/jef.v2i1.358.

Full text
Abstract:
The transparency of monetary policy in South Africa has increased substantially since the end of the 1990s. But little empirical work has been done to examine the economic benefits of the increased transparency. This paper shows that, in recent years, South African private sector forecasters have become better able to forecast interest rates, are less surprised by reserve bank policy announcements, and are less diverse in the cross-sectional variety of their interest rate forecasts. In addition, there is some evidence that the accuracy of inflation forecasts has increased. The improvements in interest rate and inflation forecasts have exceeded those in real output forecasts, suggesting that increases in monetary policy transparency are likely to have played a role.
APA, Harvard, Vancouver, ISO, and other styles
26

Ruch, Franz, Mehmet Balcilar, Rangan Gupta, and Mampho P. Modise. "Forecasting core inflation: the case of South Africa." Applied Economics 52, no. 28 (December 23, 2019): 3004–22. http://dx.doi.org/10.1080/00036846.2019.1701181.

Full text
APA, Harvard, Vancouver, ISO, and other styles
27

Phiri, Andrew. "Threshold effects and inflation persistence in South Africa." Journal of Financial Economic Policy 4, no. 3 (July 27, 2012): 247–69. http://dx.doi.org/10.1108/17576381211245971.

Full text
APA, Harvard, Vancouver, ISO, and other styles
28

Heever, Jp. "A NOTE ON INFLATION TARGETING IN SOUTH AFRICA." South African Journal of Economics 69, no. 1 (July 6, 2005): 168–77. http://dx.doi.org/10.1111/j.1813-6982.2001.tb00007.x.

Full text
APA, Harvard, Vancouver, ISO, and other styles
29

Buys, CJ, and GR Keeton. "INFLATION TARGETING IN SOUTH AFRICA : A BUSINESS PERSPECTIVE." South African Journal of Economics 69, no. 1 (July 6, 2005): 178–85. http://dx.doi.org/10.1111/j.1813-6982.2001.tb00008.x.

Full text
APA, Harvard, Vancouver, ISO, and other styles
30

Gil-Alana, Luis A. "Inflation in South Africa. A long memory approach." Economics Letters 111, no. 3 (June 2011): 207–9. http://dx.doi.org/10.1016/j.econlet.2011.02.026.

Full text
APA, Harvard, Vancouver, ISO, and other styles
31

Khumalo, John. "Business confidence and inflation in South Africa: variance decomposition and GIRF analysis." Corporate Ownership and Control 11, no. 1 (2013): 864–71. http://dx.doi.org/10.22495/cocv11i1c10p4.

Full text
Abstract:
The study empirically investigates how business confidence responds to inflation shock in South Africa using the quarterly time series data spanning the period 1993Q1 – 2013Q1. The variance decomposition revealed that although inflation accounted for about 2 percent in the initial stages, it did account for about 27 percent to shocks in business confidence at later stages. The Generalized Impulse Response Functions (GIRF) also confirmed that inflation uncertainty does cause some negative shocks on how business managers/owners perceive the future of their business prospects. These results show that there is a negative relationship between business confidence and inflation in South Africa.
APA, Harvard, Vancouver, ISO, and other styles
32

Ho, Sin-Yu. "Macroeconomic determinants of stock market development in South Africa." International Journal of Emerging Markets 14, no. 2 (April 1, 2019): 322–42. http://dx.doi.org/10.1108/ijoem-09-2017-0341.

Full text
Abstract:
Purpose The purpose of this paper is to examine the macroeconomic determinants of stock market development in South Africa during the period 1975–2015. Specifically, it examines the impact of banking sector development, economic growth, inflation rate, real interest rate and trade openness on the development of the South African stock market. Design/methodology/approach The author employs autoregressive distributed lag bounds testing procedure that allows the author to empirically investigate both the short- and long-run relationships between the stock market development and its determinants in the context of South Africa. In addition, the author also conducts a sensitivity analysis by accounting for the presence of structural breaks in the underlying series to check for the robustness of the estimation. Findings This paper confirms the findings by other studies that banking sector development and economic growth promote stock market development, while inflation rate and real interest rate inhibit stock market development. In addition, this paper finds an interesting result in the fact that trade openness has a negative impact on stock market development, which is different from the findings of many other studies. Originality/value Currently, while the theoretical and empirical literature presents diverse views on the relationship between each determinant and stock market development, no study has focussed on the South African stock market. Given the significant role that the South African stock market plays in Africa as measured by its market capitalisation and market capitalisation ratio, there is a need for a better understanding of the macroeconomic factors influencing its development.
APA, Harvard, Vancouver, ISO, and other styles
33

Arjoon, Riona, Mariëtte Botes, Laban K. Chesang, and Rangan Gupta. "THE LONG-RUN RELATIONSHIP BETWEEN INFLATION AND REAL STOCK PRICES: EMPIRICAL EVIDENCE FROM SOUTH AFRICA." Journal of Business Economics and Management 13, no. 4 (September 17, 2012): 600–613. http://dx.doi.org/10.3846/16111699.2011.620162.

Full text
Abstract:
The existing literature on the theoretical relationship between the rate of inflation and real stock prices in an economy has shown varied predictions about the long run effects of inflation on real stock prices. In this paper, we present some time series evidence on this issue using South African data, by applying the structural bivariate vector autoregressive (VAR) methodology proposed by King and Watson (1997). Our empirical results provide considerable support of the view that, in the long run real stock prices are invariant to permanent changes in the rate of inflation. The impulse responses reveal a positive real stock price response to a permanent inflation shock in the long run, indicating that any deviations in short run real stock prices will be corrected towards the long run value. It is therefore concluded that inflation does not lower the real value of stocks in South Africa, at least in the long run.
APA, Harvard, Vancouver, ISO, and other styles
34

Khumalo, Mahlomola. "Households savings and inflation expectations: Cointegrated evidence from South Africa." Corporate Ownership and Control 12, no. 1 (2014): 572–80. http://dx.doi.org/10.22495/cocv12i1c6p4.

Full text
Abstract:
The main aim of this paper is to find out if expected inflation by different sectors has a long-run effect on household savings in South Africa for the period 2002Q1 to 2013Q4. This is established using cointegration and innovation accounting techniques (variance decomposition and impulse response functions). Prior to the establishment of such relationship, the time series properties of data are performed and this include, the unit root test (Zivot-Andrews) in order to establish the stationarity within the series. The cointegration test reveals the existence of the long-run relationship between household savings and expected inflation in South Africa. Innovation accounting techniques indicated a significant contribution of the explanatory variables to household savings. VD shows that inflation expectations from analysis (A), business (B), finance (F) as well as trade unions (TU) bring some innovations into HHS and that variations in HHS are largely due to changes in expected inflation from TU. This is also supported by the GIRFs, which indicate that HHS reacts to shocks in expected inflation
APA, Harvard, Vancouver, ISO, and other styles
35

Rizvi, Syed Aun R., and Sahminan Sahminan. "COMMODITY PRICE AND INFLATION DYNAMICS: EVIDENCE FROM BRIICS." Buletin Ekonomi Moneter dan Perbankan 23, no. 4 (January 22, 2021): 485–500. http://dx.doi.org/10.21098/bemp.v23i4.1418.

Full text
Abstract:
In this study, we use a commodity augmented Phillips curve to investigate the impact of global commodity prices on domestic inflation in Brazil, Russia, India, Indonesia, China, and South Africa. Oil and energy prices cause inflationary pressures in all countries, except Russia, where they cause deflationary pressures. In Indiaand Indonesia, global food prices are highly significant and positively related to inflation, while in South Africa precious metal prices impact inflation negatively. For policymakers, this study provides insights on the domestic adjustments required for inflation targeting in response to global commodity price volatility.
APA, Harvard, Vancouver, ISO, and other styles
36

Bonga-Bonga, Lumengo. "Equity Prices And Inflation In South Africa: An Empirical Analysis." Journal of Applied Business Research (JABR) 27, no. 4 (June 20, 2011): 105. http://dx.doi.org/10.19030/jabr.v27i4.4660.

Full text
Abstract:
<p>This paper attempts to assess the indirect relationship between equity prices and inflation in South Africa in order to infer the possible reaction of the monetary authority in the face of excessive changes in equity price or bubble. To this end, use is made of a system equation, rather than a single equation, in the context of cointegrating VAR with over-identifying restrictions. The paper decomposes actual inflation into expected and unexpected components and shows that the two components react differently to the changes in equity prices. Nonetheless, given a weak reaction of expected inflation to the change in equity prices and the fact that monetary authority behaviour is forward-looking in South Africa, the paper concludes that equity prices should not form part of the monetary authority reaction function in South Africa.</p>
APA, Harvard, Vancouver, ISO, and other styles
37

Maduku, Harris, and Irrshad Kaseeram. "An Empirical Analysis of Exchange Rate Pass-Through to Prices in South Africa (2002-2016)." Journal of Economics and Behavioral Studies 10, no. 5(J) (November 3, 2018): 187–94. http://dx.doi.org/10.22610/jebs.v10i5(j).2508.

Full text
Abstract:
South Africa is currently running inflation targeting monetary policy since the year 2000 solely to achieve price stability. However, the persistent depreciation of the rand is making keeping inflation within the stipulated band very cumbersome. The objective of this paper is to find the duration taken by price indices to respond to exchange rate fluctuations. A Recursive VAR was used to investigate exchange rate passthrough (ERPT) to tradable prices in South Africa. Using monthly data, we find producer prices contributing highly to inflation with an average of 22% of fluctuations passed to prices. Large and persistent ERPT, especially on import and producer prices accompanied by high wage demands and a depreciating currency, are worrying factors for South Africa. Policy makers are advised to consider targeting the exchange rate if inflation is to be kept under control
APA, Harvard, Vancouver, ISO, and other styles
38

Makatjane, Katleho, and Diteboho Xaba. "An early warning system for inflation using Markov-Switching and logistic models approach." Risk Governance and Control: Financial Markets and Institutions 6, no. 4 (2016): 30–39. http://dx.doi.org/10.22495/rcgv6i4art5.

Full text
Abstract:
With the adoption of the inflation targeting by the South African Reserve Bank (SARB) in 2000, the average inflation radically went down. Earlier 2000, the inflation rate was recorded at 8.8% that is January 1999; then a year later went down to 2.65%. What’s more, this paper builds up an early warning system (EWS) model for predicting the event of high inflation in South Africa. Periods of high and low inflation were distinguished by utilizing Markov-switching model. Utilizing the results of regime classification, logistic regression models were then assessed with the goal of measuring the likelihood of the event of high inflation periods. Empirical results demonstrate that the proposed EWS model has some potential as a corresponding instrument in the SARB’s monetary policy formulation based on the in-sample and out-of-sample forecasting performance.
APA, Harvard, Vancouver, ISO, and other styles
39

Baaziz, Yosra, Khaled Guesmi, David Heller, and Amine Lahiani. "Does Public Debt Matter For Economic Growth?: Evidence From South Africa." Journal of Applied Business Research (JABR) 31, no. 6 (October 28, 2015): 2187. http://dx.doi.org/10.19030/jabr.v31i6.9475.

Full text
Abstract:
This paper investigates the dynamic relationship between accumulated public debt ratio and real GDP growth in the South African economy over the period 1980-2014. Using two macroeconomic control variables – inflation rate and Openness trade – the link between public debt and real GDP growth is found to depend upon the level of indebtedness of the country. Indeed, public debt in South Africa becomes an impediment to economic growth if it crosses the limit of 31.37% of GDP. Our empirical results have therefore important implications for fiscal policymakers in South Africa to foster economic growth in a context of high public debt level.
APA, Harvard, Vancouver, ISO, and other styles
40

Makatjane, Katleho, Ntebogang Moroke, and Diteboho Xaba. "Threshold Cointegration and Nonlinear Causality test between Inflation Rate and Repo Rate." Journal of Economics and Behavioral Studies 9, no. 3(J) (July 20, 2017): 163–70. http://dx.doi.org/10.22610/jebs.v9i3(j).1755.

Full text
Abstract:
The current study investigated a cointegration and nonlinear causality relationships between inflation and repo rates of South Africa using the data spanning the period of January 2002 to March 2016. We used a threshold vector error correction model (TVECM) and nonlinear Granger frameworks causality to carry out the analysis. Preliminary analysis of data revealed the expected properties of the data such as nonlinearity, non-stationarity and co-movement of the variables. The two variables confirmed to be moving together in the long-run according to the observed supWald test statistic. Finally, the Diks-Panchenko nonlinear Causality test revealed a strong bidirectional nonlinear causal relationship between repo rate and inflation rate. The results imply that the use of repo rate to target the inflation rate during the target period did not address the financial problem in South Africa. Consequently, the study concluded that repo rate may not be a good measure to use for controlling inflation rates of South Africa.
APA, Harvard, Vancouver, ISO, and other styles
41

Makatjane, Katleho, Ntebogang Moroke, and Diteboho Xaba. "Threshold Cointegration and Nonlinear Causality test between Inflation Rate and Repo Rate." Journal of Economics and Behavioral Studies 9, no. 3 (July 20, 2017): 163. http://dx.doi.org/10.22610/jebs.v9i3.1755.

Full text
Abstract:
The current study investigated a cointegration and nonlinear causality relationships between inflation and repo rates of South Africa using the data spanning the period of January 2002 to March 2016. We used a threshold vector error correction model (TVECM) and nonlinear Granger frameworks causality to carry out the analysis. Preliminary analysis of data revealed the expected properties of the data such as nonlinearity, non-stationarity and co-movement of the variables. The two variables confirmed to be moving together in the long-run according to the observed supWald test statistic. Finally, the Diks-Panchenko nonlinear Causality test revealed a strong bidirectional nonlinear causal relationship between repo rate and inflation rate. The results imply that the use of repo rate to target the inflation rate during the target period did not address the financial problem in South Africa. Consequently, the study concluded that repo rate may not be a good measure to use for controlling inflation rates of South Africa.
APA, Harvard, Vancouver, ISO, and other styles
42

Amusa, Kafayat, Rangan Gupta, Shaakira Karolia, and Beatrice D. Simo-Kengne. "The long-run impact of inflation in South Africa." Journal of Policy Modeling 35, no. 5 (September 2013): 798–812. http://dx.doi.org/10.1016/j.jpolmod.2011.05.001.

Full text
APA, Harvard, Vancouver, ISO, and other styles
43

Moll, P. G. "Money, Interest Rates, Income and Inflation in South Africa." South African Journal of Economics 67, no. 1 (March 1999): 15–30. http://dx.doi.org/10.1111/j.1813-6982.1999.tb01132.x.

Full text
APA, Harvard, Vancouver, ISO, and other styles
44

FEDDERKE, J. W., and E. SCHALING. "MODELLING INFLATION IN SOUTH AFRICA: A MULTIVARIATE COINTEGRATION ANALYSIS." South African Journal of Economics 73, no. 1 (March 2005): 79–92. http://dx.doi.org/10.1111/j.1813-6982.2005.00006.x.

Full text
APA, Harvard, Vancouver, ISO, and other styles
45

gupta, rangan, and josine uwilingiye. "MEASURING THE WELFARE COST OF INFLATION IN SOUTH AFRICA." South African Journal of Economics 76, no. 1 (March 2008): 16–25. http://dx.doi.org/10.1111/j.1813-6982.2008.00159.x.

Full text
APA, Harvard, Vancouver, ISO, and other styles
46

Bonga-Bonga, Lumengo, and Ntsakeseni Letitia Lebese. "Rethinking The Current Inflation Target Range In South Africa." Journal of Developing Areas 53, no. 2 (2019): 13–27. http://dx.doi.org/10.1353/jda.2019.0018.

Full text
APA, Harvard, Vancouver, ISO, and other styles
47

Kabundi, Alain, Eric Schaling, and Modeste Some. "Monetary policy and heterogeneous inflation expectations in South Africa." Economic Modelling 45 (February 2015): 109–17. http://dx.doi.org/10.1016/j.econmod.2014.11.002.

Full text
APA, Harvard, Vancouver, ISO, and other styles
48

Wesso, G. R., and M. G. Ferreira. "Structural Changes And Models Of Inflation In South Africa." Studies in Economics and Econometrics 28, no. 3 (December 1, 2004): 1–25. http://dx.doi.org/10.1080/10800379.2004.12106370.

Full text
APA, Harvard, Vancouver, ISO, and other styles
49

Ziramba, Emmanuel. "Bank lending, expenditure components and inflation in South Africa: assessment from bounds testing approach." South African Journal of Economic and Management Sciences 11, no. 2 (September 28, 2011): 217–28. http://dx.doi.org/10.4102/sajems.v11i2.310.

Full text
Abstract:
This empirical study examines the long-run relationship between inflation and its determinants in South Africa. Three models of inflation involving money supply, bank credit and expenditure components are tested using the unrestricted error correction models of Pesaran et al. (2001). Unlike other existing studies on the subject, one of the models in the present study considers various components of real income as determinants. The disaggregated components are final consumption expenditure, expenditure on investment goods and exports. Based on ‘bounds’ testing, the presence of a long-run equilibrium relationship between inflation and its determinants is confirmed for all three models. The study found that the major causes of inflation in South Africa are import prices, real income, and final consumption expenditure. The relationship is elastic for import prices and final consumption expenditure. Monetary variables, money supply and bank credit are found to have an indirect effect on inflation.
APA, Harvard, Vancouver, ISO, and other styles
50

Meyer, Danie Francois, Chama Chipeta, and Richard Thabang Mc Camel. "An Analysis of the Effectiveness of Interest Rates to Facilitate Price Stability and Economic Growth in South Africa." Studia Universitatis Babes-Bolyai Oeconomica 63, no. 3 (December 1, 2018): 68–90. http://dx.doi.org/10.2478/subboec-2018-0015.

Full text
Abstract:
Abstract Price stability supports accelerated economic growth (GDP), thus the main objective of most central banks is to ensure price stability. The South African economy is experiencing a unique monetary policy dilemma, where a high inflation rate is accompanied by high interest rates and low GDP. This is an unconventional monetary policy scenario and may hold strenuous repercussions for the South African economy. This dilemma was held as the rationale behind this study. The study investigated the effectiveness of the use of the repo rate as an instrument to facilitate price stability and GDP in South Africa. Long-run, short-run and casual relationships between interest rates, inflation and GDP were therefore analyzed. The methodology is based on an econometric process which included a Johansen co-integration test, with a Vector Error Correction model (VECM). Casual relationships were also tested using Granger causality tests. Results of the Johansen Co-integration test indicated the presence of co-integrating long-run relationships between the variables and a significant and negative long-run relationship between the repo rate and inflation rate was revealed, whereas GDP and inflation rate exhibited a significant and positive long-run relationship. The study also found short-run relationships between inflation and GDP, but not for inflation and the repo rate. Further areas of potential research may fixate towards the assessment of other significant alternative policy tools which may be utilized by various countries’ monetary policy authorities to influence supply specific inflationary pressures led by the cost-push phenomena, especially in the short-run.
APA, Harvard, Vancouver, ISO, and other styles
You might also be interested in the bibliographies on the topic 'Inflation – South Africa' for other source types:
Dissertations / Theses Books
We offer discounts on all premium plans for authors whose works are included in thematic literature selections. Contact us to get a unique promo code!

To the bibliography