Inflation, money demand, and purchasing power parity in South Africa

IMF Staff Papers

Volumn 48, Issue 2, 2001, Pages 243-265

  Jonsson, Gunnar ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0039890678     PISSN: 10207635     EISSN: None     Source Type: Book Series    
DOI: None     Document Type: Article

References (31)

1. Aron, J., I. Elbadawi, and B. Kahn, 1997, "Determinants of the Real Exchange Rate in South Africa," Working Paper, WPS/97-16 (Oxford: Oxford University, Centre for the Study of African Economies).
2. Becker, T., 1999, "Common Trends and Structural Change: A Dynamic Macro Model for Preand Post-Revolution Iran," IMF Working Paper 99/82 (Washington: International Monetary Fund).
3. DeJager, C. J., and R. Ehlers, 1997, "The Relationship Between South African Monetary Aggregates, Interest Rates, and Inflation - A Statistical Investigation" (unpublished; Johannesburg: South African Reserve Bank, Economics Department).
4. Doyle, P., 1996, "Narrow Monetary Aggregates," in South Africa: Selected Economic Issues, IMF Staff Country Reports 96/64 (Washington: International Monetary Fund).
5. Eichenbaum, M., 1992, "Interpreting the Macroeconomic Time Series Facts: The Effects of Monetary Policy," European Economic Review, Vol. 36, pp. 1001-11.
6. Ericsson, N., 1998, "Empirical Modeling of Money Demand," Empirical Economics, Vol. 23, pp. 295-315.
7. Fase, M. M. G., 1993, "The Stability of the Demand for Money in the G-7 and EC Countries: A Survey," Research Memorandum WO & E 9321 (Amsterdam: De Nederlandsche Bank).
8. Garner, J., 1994, "An Analysis of the Financial Rand Mechanism," Research Paper 9 (London: London School of Economics, Centre for Research into Economics and Finance in South Africa).
9. Habermeier, K. F., and M. Mesquita, 1999, "Long-Run Exchange Rate Dynamics: A Panel Data Study," IMF Working Paper 99/50 (Washington: International Monetary Fund).
10. Hendry, D., and N. Ericsson, 1991, "Modeling the Demand for Narrow Money in the United Kingdom and the United States," European Economic Review, Vol. 35, pp. 833-86.
11. Hum, A. S., and V. A. Muscatelli, 1992, "The Long-Run Properties of the Demand for M3 in South Africa," South African Journal of Economics, Vol. 60, No. 2, pp. 159-72.
12. Johansen, S., 1988, "Statistical Analysis of Cointegrating Vectors," Journal of Economic Dynamics and Control, Vol. 12, No. 2/3, pp. 231-54.
13. _, 1991, "Estimation and Hypothesis Testing of Cointegrating Vectors in Gaussian Vector Autoregressive Models," Econometrica, Vol. 59, No. 6, pp. 1551-80.
14. _, and K. Juselius, 1990, "Maximum Likelihood Estimation and Inference on Cointegration: With an Application to the Demand for Money," Oxford Bulletin of Economics and Statistics, Vol. 52, No. 2, pp. 169-210.
15. Jonsson, G., 1999, "Inflation, Money Demand, and Purchasing Power Parity in South Africa," Working Paper 99/122 (Washington: International Monetary Fund).
16. _, and A. Subramanian, 2000, "Dynamic Gains from Trade: Evidence from South Africa," IMF Working Paper 00/45 (Washington: International Monetary Fund).
17. Lipton, M., 1988, Sanctions and South Africa: The Dynamics of Economic Isolation (London: Economist Intelligence Unit).
18. MacDonald, R., 1995, "Long-Run Exchange Rate Modeling: A Survey of the Recent Evidence," IMF Staff Papers, Vol. 42, No. 3, pp. 437-89.
19. _, and I. W. Marsh, 1997, "On Fundamentals and Exchange Rates: A Cassellian Perspective," The Review of Economics and Statistics, Vol. 79, No. 4, pp. 655-64.
20. Mishkin, F. S., 1990, "What Does the Term Structure Tell Us About Future Inflation," Journal of Monetary Economics, Vol. 25, No. 1, pp. 77-95.
21. Moll, P., 1999a, "The Demand for Money in South Africa: Parameter Stability and Predictive Capacity" (unpublished; Washington: World Bank).
22. _, 1999b, "Money, Interest Rates, Income and Inflation in South Africa," South African Journal of Economics, Vol. 67, No. 1, pp. 34-64.
23. Pesaran, M. H., and Y. Shin, 1996, "Cointegration and Speed of Convergence to Equilibrium," Journal of Econometrics, Vol. 71, No. 1-2, pp. 117-43.
24. Podivinsky, J., 1998, "Testing Misspecified Cointegration Relationships," Economic Letters, Vol. 60, No. 1, pp. 1-9.
25. Price, S., and A. Nasim, 1999, "Modelling Inflation and the Demand for Money in Pakistan; Cointegration and Causal Structure," Economic Modelling, Vol. 16, No. 1, pp. 87-103.
26. Rogoff, K., 1996, "The Purchasing Power Parity Puzzle," Journal of Economic Literature, Vol. 34, No. 2, pp. 647-68.
27. Sims, C., 1980, "Macroeconomics and Reality," Econometrica, Vol. 48, No. 1, pp. 1-48.
28. _, 1992, "Interpreting the Macroeconomic Time Series Facts: The Effects of Monetary Policy," European Economic Review, Vol. 36, pp. 975-1000.
29. South African Reserve Bank, 1998, Annual Economic Report.
30. Subramanian, A., 1998, "South Africa: Pass-Through Revisited" (unpublished; Washington: International Monetary Fund).
31. Tsikata, Y., 1998, "Liberalization and Trade Performance in South Africa" (unpublished; Washington: World Bank).