Exchange Rate, Second Round Effects and Inflation Processes Evidence From South Africa /
| Päätekijät: | , , |
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| Yhteisötekijä: | |
| Yhteenveto: | XXVIII, 416 p. 208 illus., 22 illus. in color. text |
| Kieli: | englanti |
| Julkaistu: |
Cham :
Springer International Publishing : Imprint: Palgrave Macmillan,
2019.
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| Painos: | 1st ed. 2019. |
| Aiheet: | |
| Linkit: | https://doi.org/10.1007/978-3-030-13932-2 |
| Aineistotyyppi: | Elektroninen Kirja |
Sisällysluettelo:
- Part I: The changing size of second-round effects
- 1. Introduction. 2. Policy implications of ERPT and ongoing debates
- 3. Second round effects, exchange rate depreciation, inflation and average wage settlements
- 4. Second round effects, remuneration per worker, exchange rate depreciation shock and inflation expectations
- 5. Second-round effects, private sector wage inflation and exchange rate depreciation shocks
- 6. Second round effects of oil price shocks to consumer price inflation and the unit labour costs channel
- Part II: Monetary and fiscal policy credibility and changing exchange rate pass-through
- 7. Monetary policy credibility and the time varying exchange rate pass-through to inflation
- 8. Monetary policy credibility and the exchange rate pass-through to inflation
- 9. Does the monetary policy channel impact the transmission of exchange rate depreciation shocks to inflation?
- 10. Does monetary policy credibility impact the responses of unit labour costs to exchange rate depreciation shocks?
- 11. Does monetary policy credibility play a role in transmission of oil price shocks to inflation expectations?
- 12. Does monetary policy credibility affect market-based inflation expectations?
- Part III: Trade openness, Consumer and business confidence and exchange rate pass-through
- 13. Does the consumer confidence channel affect the response of inflation to exchange rate depreciation shocks?
- 14. Does weak business confidence impact the pass-through of the exchange rate depreciation shocks to inflation?
- 15. Does exchange rate volatility impact the pass-through of the exchange rate depreciation shocks to inflation?
- 16. Does trade openness matter for the response of inflation to exchange rate depreciation shocks?
- Part IV: Fiscal policy credibility and changing exchange rate pass-through
- 17. Does fiscal policy credibility matter for the exchange rate pass-through to inflation in South Africa?
- 18. Fiscal policy credibility and time varying exchange rate pass-through to consumer price inflation
- 19. Is the impact of high monetary policy credibility on inflation and the ERPT reinforced by fiscal policy credibility?
- Part V: Regulated price, inflation process and monetary policy influence
- 20. What is the role and cost of administered prices? Evidence from monetary policy responses to positive inflation shocks
- 21. Monetary and fiscal policy interactions in inflation process: The role of fuel levies channel
- 22. Monetary and fiscal policy interactions in inflation process: The role of public transport inflation channel
- 23. The distributive effects of monetary policy: Evidence form inflation rates by deciles and rural areas
- Part VI: Asymmetric interest rate pass-through
- 24. Is there any evidence of the amount and adjustment asymmetries of lending rate reaction to the repo rate changes?
- 25 Is there evidence of rigidity in the corporate lending rate adjustment following repo rate changes?
- 26. Does the flexible mortgage rate exhibit asymmetrical response to changes in the repo rate?
- 27. What is the role of competition in the banking sector on the interest rate pass-through and loan intermediation mark-up?
- 28. Does consumption growth respond asymmetrically to positive and negative repo rate changes?
- 29. Does the household financial wealth explain the asymmetric response of consumption to monetary policy shock in South Africa?.