书目详细信息
： Monetary policy and the economy in South Africa /
书目信息 机读格式(MARC)
| ISBN： | 9781137334145 (hardback) |
|---|---|
| 编目源： | DLC DLC SHCD |
| 地理区域代码： | f-sa--- |
| 个人名称： | Ncube, Mthuli,1963- |
| 题名： | Monetary policy and the economy in South Africa / Mthuli Ncube, African Development Bank Group, South Africa, and Eliphas Ndou, Reserve Bank of South Africa, South Africa. |
| 索书号： | F824.700/N627E |
| 载体形态： | xv, 194 pages : illustrations ; 22 cm. |
| 书目附注： | Includes bibliographical references (pages 177-187) and index. |
| 格式化内容附注： | Machine generated contents note: -- Contents -- 1. South African Monetary Policy Regimes -- 2. Effects of Monetary Policy on Output -- 2.1. Introduction -- 2.1.1. Theory and Past Empirical Evidence -- 2.2. VAR Methodology -- 2.3. Data -- 2.3.1. How do Variables React upon Impact? -- 2.5. Empirical Results -- 2.4.1. Examining the Relationship between Estimated Policy Shocks and Recessions -- 2.5. Conclusion -- 3. Inflation Uncertainty and Output -- 3.1. Introduction -- 3.2. Theory -- 3.2.1. The Friedman Hypothesis -- 3.2.2. The Impact of Inflation Uncertainty on Inflation -- 3.2.3. Inflation Uncertainty, Real Output Growth, and Output Growth Uncertainty -- 3.3. Literature Review -- 3.4. Econometric Methodology -- 3.4.1. The Relationship between Inflation and Inflation Uncertainty -- 3.4.2. The Inflation Uncertainty and Real Output Growth -- 3.5. Data and Descriptive Statistics -- 3.6. Empirical Results -- 3.6.1. VAR Methodology -- 3.7. Conclusions -- 4. Monetary Policy Transmission, House Price and Consumption -- 4.1. Introduction -- 4.2. Consumption, Housing Prices and Interest Rates -- 4.2.1. The Effect of Monetary Policy on House Prices -- 4.2.2. The Effects of House Prices on Consumption -- 4.3. The VAR Model -- 4.4. Data -- 4.5. Results and Discussion -- 4.5.1. Forecast Error Variance Decomposition -- 4.5.2. Robustness Analysis -- 4.5.3. Discussion of Consumption Declines Results -- 2.5. Conclusion -- Appendix: Quantifying Declines in Consumption -- Unit Root Tests -- 5. Monetary Policy, Disposable Income and Consumption -- 5.1. Introduction -- 5.2. Data -- 5.3. VAR Model -- 5.4. Results 66 -- 5.5. Impact of Oil Price in the Extended Model -- 5.6. Counterfactual Analysis -- 5.7. Variance Decompositions -- 5.8. Conclusions -- 6. Mortgage Variables, Monetary Policy and Consumption -- 6.1. Introduction -- 6.2. Theory -- 6.3. What does International Evidence Conclude? -- 6.3. Data -- 6.4.1. Bayesian VAR Approach -- 6.5. Results -- 6.5.1. Contractionary Monetary Policy Shock -- 6.5.2. Mortgage Lending Rate or (Negative Credit Supply) Shock -- 6.5.3. Housing Demand Shock -- 6.5.4. Residential Investment Shock -- 6.5.5. Variance Decompositions -- 6.6. Examining Impact of US Mortgage Variables on South Africa -- 6.6.3. Variance Decomposition -- 6.7. Conclusion -- 7. Monetary Policy and Exchange Rate Shocks on South Africa Trade Balance -- 7.1. Introduction -- 7.2. Literature Review -- 7.3. VAR Methodology -- 7.3.1. Benchmark VAR Model -- 7.4. Data -- 7.5. Empirical Results -- 7.5.1. How are Policy Shocks Transmitted into Trade Balance? -- 7.6. Variance Decomposition -- 7.7. Conclusion -- 8. Exchange Rate, House Prices and Equity Shocks on Current Account -- 8.1. Introduction -- 8.2. Review of Findings in Other Countries -- 8.3. VAR Methodology -- 8.4. Data -- 8.5. Empirical Results -- 8.5.2. Forecast Error Variance Decompositions -- 8.6. Conclusion -- 9. International Transmission of US Shocks into South Africa -- 9.1. Introduction -- 9.2. A Review of Previous Empirical Analysis -- 9.3. VAR Methodology -- 9.4. Data -- 9.5. Results -- 9.6. Conclusion -- References. |