rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Monetary policy and the economy in South Africa
  name:
    name part: Ncube, Mthuli
    name part: 1963-
    role:
      role term: creator
  name:
    name part: Ndou, Eliphas.
  type of resource: text
  genre: bibliography
  origin info:
    place:
      place term: nyu
    date issued: 2013
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: print
    extent: xv, 194 pages : illustrations ; 23 cm.
  abstract: Monetary Policy and the Economy in South Africa covers both modern theories and empirical analysis, linking monetary policy with relating house wealth, drivers of current account based on asset approach, expenditure switching and income absorption effects of monetary policy on trade balance, effects of inflation uncertainty on output growth and international spill overs. Each chapter uses data and relevant methodology to answer empirical and pertinent policy questions in South Africa. The book gives new insights into understanding these areas of economic policy and the wider emerging-markets.
  table of contents: 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 …
  note: Mthuli Ncube, African Development Bank Group, South Africa, and Eliphas Ndou, Reserve Bank of South Africa, South Africa.
  note: Includes bibliographical references (pages 177-187) and index.
  subject:
    geographic code: f-sa---
  subject:
    topic: Monetary policy
    geographic: South Africa
  subject:
    geographic: South Africa
    topic: Economic conditions
  subject:
    topic: BUSINESS & ECONOMICS / Econometrics
  subject:
    topic: BUSINESS & ECONOMICS / Development / Economic Development
  subject:
    topic: BUSINESS & ECONOMICS / Economics / Comparative
  classification: HG1351 .N38 2013
  classification: 339.5/30968
  identifier: 9781137334145 (hardback)
  identifier: 1137334142 (hardback)
  identifier: 2013021280
  record info:
    record content source: DLC
    record creation date: 130614
    record change date: 20151206085442.0
    record identifier: in00003344554