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The Stability of M3 Money Demand and Monetary Growth Targets: The Case of South Africa.

Determines whether money should continue to play an important role in the formulation of monetary policy in South Africa, even though the monetary policy framework has changed to an inflation targeting strategy. Theoretical exposition of the arguments for and against a monetary growth targeting str...

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Published in:Journal of Development Studies Vol. 39; no. 3; pp. 155 - 181
Main Author: Nell, Kevin S.
Format: Article
Published: Taylor & Francis Ltd Feb2003
Subjects:
Money
Monetary policy
Price inflation
South Africa
Online Access:View this record in EBSCOhost
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        au: Nell, Kevin S.
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        Money
        Monetary policy
        Price inflation
        South Africa
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          South Africa
          Money
          Monetary policy
          Price inflation
      keyword: Administration and Economy
      ab: Determines whether money should continue to play an important role in the formulation of monetary policy in South Africa, even though the monetary policy framework has changed to an inflation targeting strategy. Theoretical exposition of the arguments for and against a monetary growth targeting strategy; Cointegration and long-run estimates in single equations; Formal tests for weak and super exogeneity of money.
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    language: English
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