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  • Evidence From South Africa
    Eliphas Ndou; Nombulelo Gumata; Mthokozisi Mncedisi Tshuma
    978-3-030-13932-2
    2019
    Edition 1
    • Uses a counterfactual approach to separate the direct and indirect effects of shocks
    • Argues that the size of second round effects on growth in terms of total remuneration per worker due to exchange rate depreciation shock can vary according to inflation regimes
    • Shows that the monetary policy credibility channel impacts the pass-through of exchange rate depreciation shocks to consumer price inflation
    • Demonstrates that fiscal policy credibility directly impacts exchange rate pass-through to consumer inflation in South Africa

    €170

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