The South African Reserve Bank and the telling of monetary stories

The framework of the monetary block’s equations in the South African Reserve Bank econometric model

Review of Monetary Policy in in South Africa since 1994

This paper reviews the design and performance of monetary policy in South Africa (SA) during 1994-2004. Quantitative indexes of transparency reveal a strong rise in the transparency and accountability of monetary policy between 1994 and 2004. Inflation and interest rate expectations data and forward interest rate data are used to demonstrate the increased credibility and reasonable predictabili...

T T Mboweni: The state of the South African economy (Central Bank Articles and Speeches)

Your Excellency, the Dean of the Diplomatic Corps Your Excellencies, Ambassadors and High Commissioners Your Excellency, the Chief of State Protocol Your Excellencies, Heads of International Organisations represented in the Republic of South Africa Deputy Governors of the South African Reserve Bank Senior Management of the South African Reserve Bank and their spouses/partners Media representati...

The impact of oil price shocks on the South African macroeconomy: History and prospects

A steep upward trend in the price of crude oil in recent years, reaching a record nominal high in mid-2006, has led to increasing concern about its macroeconomic implications, both abroad and in South Africa. Indeed, the South African Reserve Bank (SARB) considers oil price movements to be one of the major threats to the continued attainment of its inflation target, as evidenced by numerous rec...

The Impact of Monetary Policy on the Stock Market Returns and Instability: Comparison of Monetary Policy Tools in Iran

After the recent financial crisis, especially the financial crisis 2008, This raises the important question of what is the role of monetary policy in occurrence and  prevention of the financial  instability? so, this paper investigate the dynamics impact of monetary policy on the stock market returns and instability using Structural Vector Autoregression (SVARs) model During the period  1992:q2...