It takes the average reader and 30 minutes to read Monetary Policy Credibility and Exchange Rate Pass-Through in South Africa by Alain N. Kabundi
Assuming a reading speed of 250 words per minute. Learn more
This paper investigates the key factors that explain the documented decline in the exchange rate pass-through in South Africa over the past two decades, which coincides with the adoption of the inflation-targeting regime. The paper conjectures, in line with the literature, that this outcome is largely due to improved monetary policy credibility. To do this, it first documents the factors that explain monetary policy credibility. Using the standard deviation of individual inflation forecasts as a measure of monetary policy credibility, its shows that the latter is negatively affected by the...
Monetary Policy Credibility and Exchange Rate Pass-Through in South Africa by Alain N. Kabundi is 29 pages long, and a total of 7,511 words.
This makes it 10% the length of the average book. It also has 9% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 41 minutes to read Monetary Policy Credibility and Exchange Rate Pass-Through in South Africa aloud.
Monetary Policy Credibility and Exchange Rate Pass-Through in South Africa is suitable for students ages 8 and up.
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