South African inflationary dynamics and the pass-through effects from depreciation to unit labour costs

South African Journal of Economics

Volumn 72, Issue 1, 2004, Pages 85-107

  Kaseeram, I ^a   Nichola, T ^b   Mainardi, S ^c  

^a UNIVERSITY OF ZULULAND   (South Africa)

^b UNIVERSITY OF KWAZULU NATAL   (South Africa)

^c CARDINAL STEFAN WYSZY SKI UNIVERSITY   (Poland)

Author keywords

[No Author keywords available]

Indexed keywords

CURRENCY DEVALUATION; EXCHANGE RATE; INFLATION; PRICE DYNAMICS;

AFRICA; SOUTH AFRICA; SOUTHERN AFRICA; SUB-SAHARAN AFRICA;

EID: 4344625643     PISSN: 00382280     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (27)

1. BLACK, P.A., AND DOLLERY B.E., (1989). Leading Issues in South African Macroeconomics Selected Readings. Southern Book Publishers: Johannesburg.
2. DE KOCK COMMISSION, (1985). The Monetary System and Monetary Policy in South Africa. Final Report of the Commission of Inquiry into the Monetary System and Monetary Policy in South Africa. Commission chaired by G.P.C. de Kock, RP70/1984. Pretoria Government Printer.
3. DICKEY, D.A. AND FULLER, W.A., (1979). "Distribution of the Estimators for Autoregressive Time Series with a Unit Root". Journal of American Statistical Association, Vol. 74, pp. 427-431.
4. ENGLE, R.T. AND GRANGER, C.W.J., (1987). "Co-integration and Error Correction: Representation Estimation, and Testing". Econometrica, Vol. 55, No.2, pp. 251-276.
5. FRIEDMAN, M., (1968). "The Role of Monetary Policy". The American Economic Review, No.1, pp. - 17.
6. FAJGENBAUM, J., ALLEYNE, T., JONSSON, G., SUBRAMANIAN, A., DE LA PIEDRA, E., MUZONDO, T., AND PARKINSON, M., (1998). "Inflation, Money Demand and Purchasing Power Parity in South Africa" .In South Africa: Selected Issues, International Monetary Fund Staff Country Report, No.98/96, pp. 59-76.
7. GORDON, R.J. (1990). "What is New-Keynesian Economics?" Journal of Economic Literature, Vol. 28, p. 1115-1171.
8. GORDON, R. J. (1997). "The Time Varying NAIRU and its Implications for Economic Policy". Journal of Economic Perspectives, Vol. 11, No. 1, p. 11-32.
9. nd Edition. McGraw-Hill.
10. GRUEN, D., PAGAN, A. AND THOMPSON, C., (1999). "The Phillips Curve in Australia". Journal of Monetary Economics, Vol. 44, pp. 223-258.
11. HARRIS, R.I.D., (1995). Using Cointegration Analysis in Econometric Modelling. Prentice Hall Harvester Wheatsheaf: London.
12. HILLIER, B., (1988). Macroeconomics Models, Debates and Developments. T.J Press (Padstow) Ltd: Great Britain.
13. HODRICK, R.J., AND PRESCOTT, E.C., (1981). "Postwar US Business Cycles and Empirical Investigations". Working Paper Carnegie-Mellon University, reprinted in Journal of Money, Credit and Banking, (1997), Vol.29, pp. 1-16.
14. JOHANSEN, S., (1991). "Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models". Econometrica, Vol. 59, No. 6, pp. 1551-1580.
15. JOHANSEN, S., and JUSELIUS, K., (1992). "Testing Structural Hypotheses in a Multivariate Cointegration Analysis of the PPP and UIP for the UK". Journal of Econometrics, Vol. 53, pp. 211-244.
16. JONSSON, G., (2001). "Inflation, Money Demand, and Purchasing Power Parity in South Africa". IMF Staff Papers, Vol. 48, No. 2, pp. 243-265.
17. rd Edition. Lexicon Publishers: Johannesburg. pp. 381-461.
18. MOLL, P.G., (1999). "Money, Interest Rates, Income and Inflation in South Africa". The South African Journal of Economics, Vol. 67, No. 1 pp. 34-62.
19. MOORE, B.J., AND SMIT, B.W., (1986). "Wages, Money and Inflation". The South African Journal of Economics, Vol. 54, No.1, pp. 80-93.
20. nd edition. The Rustica Press: Cape Town.
21. PATTERSON, K., (2000). An Introduction To Applied Econometrics. A Time Series Approach. MacMillan: Press LTD: London.
22. PESARAN, M.H., AND PESARAN, B., (1997). Working with Microfit 4.0, Interactive Econometric Analysis. Oxford University Press: Oxford.
23. PHELPS, E.S., (1967). "Phillips Curves, Expectations of Inflation and Optimal Unemployment over Time". Economica, Vol. 34, pp. 254-281.
24. STALS, C.L., (1997). "Monetary Policy Challenges in South Africa". South African Reserve Bank Quarterly Bulletin, No. 206, pp. 35-38.
25. TAYLOR, L., (1983). Structuralist Macroeconomics: Applicable Models for the Third World. Basic Books: New York.
26. WALTERS, S.S., AND DE BEER, D.C., (1999). "An Indicator of South Africa's External Competitiveness". South African Reserve Bank Quarterly Bulletin, No. 214, pp. 54-61.
27. WESSO, G.R., (2000). "Long term Bond Yields and Future Inflation in South Africa: a Vector Error Correction Analysis". South African Reserve Bank Quarterly Bulletin, No. 216, pp. 73-84.