Übersicht			Auf mobile öffnen

Lieferstatus:	Auf Bestellung (Lieferzeit unbekannt)
Veröffentlichung:	Mai 2019
Genre:	Wirtschaft / Recht
	Africa—Economic conditions / African Economics / Afrika / B / Economics / Economics and Finance / Economy-wide Country Studies / Finance / Finance, Public / International Economics / International Finance / macroeconomics / Macroeconomics and Monetary Economics / Macroeconomics/Monetary Economics//Financial Economics / Management science / Monetary Economics / Öffentliche Finanzen, Besteuerung / Öffentlicher Dienst und öffentlicher Sektor / Public Economics / Public finance / Public finance & taxation / Wirtschaftswissenschaft mehr...
ISBN:	9783030139315
EAN-Code:	9783030139315
Verlag:	Springer EN
Einband:	Gebunden
Sprache:	English
Dimensionen:	H 210 mm / B 148 mm / D 28 mm
Gewicht:	703 gr
Seiten:	416
Illustration:	XXVIII, 416 p. 208 illus., 22 illus. in color., schwarz-weiss Illustrationen, farbige Illustrationen
Zus. Info:	EUDR exemption - product or manufacturing materials placed on the market prior to 31.12.2025.
Bewertung:	Titel bewerten / Meinung schreiben

Inhalt:

This book focuses on the exchange rate pass-through (ERPT), second round effects and the inflation process in South Africa. The authors demonstrate that magnitudes of the second round effects of the exchange rate depreciation and oil price shocks depend on inflation regimes. The impact of positive oil price shocks on inflation is weakened by monetary policy credibility. Evidence shows the influence of oil price on unit labour costs and correlation between exchange rate changes and inflation has weakened. In addition, ERPT is reduced by low business and consumer confidence, high trade openness, low inflation and high exchange rate volatility which weaken real economic activity. Both monetary and fiscal policy credibility lowers the sizes of ERPT to inflation and inflation expectations. Fiscal policy via fuel levies, administered prices and public transport inflation channel impacts the responses of monetary policy to inflation shocks. The authors show that second round effects contribute very little to wage inflation following an exchange rate depreciation shock. Both lending rate and household consumption responds asymmetrical to repo rate changes. This book will appeal to policymakers, students, academics and analysts.