#10291. Monetary policy credibility and inflation expectations: Exploring an unconventional channel in South Africa
November 2026 | publication date |
Proposal available till | 25-05-2025 |
4 total number of authors per manuscript | 0 $ |
The title of the journal is available only for the authors who have already paid for |
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Journal’s subject area: |
Development;
Geography, Planning and Development; |
Places in the authors’ list:
1 place - free (for sale)
2 place - free (for sale)
3 place - free (for sale)
4 place - free (for sale)
Abstract:
Conventional monetary policies have been tested by the various shocks that have recently affected the globe. As a result, the effectiveness of traditional tools in dealing with contemporary shocks have been questioned in recent literature. In South Africa, relatively high inflation levels and sluggish growth rates when compared to other emerging economies have made it difficult for the South African Reserve Bank (SARB) to maintain credibility through its monetary policies. This study ascertained if a forward guidance unconventional monetary policy measure is one way to help regain monetary policy credibility.
Keywords:
Inflation expectations; Monetary policy credibility; Unconventional monetary policy
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