Inflation in South Africa: 1921 to 2006 : History, Measurement and Credibility

ISBN-13: 9783639101249 / Angielski / Miękka / 2009 / 404 str.

Jannie Rossouw

Opis

This overview of inflation in South Africa coversdevelopments between 1921 and 2006. The maincontribution of this research is the development ofan inflation credibility barometer that can be usedfor the measurement and comparison of inflationcredibility. The barometer measures out of 100 thedegree of acceptance of the accuracy of historicinflation figures. The methodology can be used forthe international measurement (and comparison betweencountries) of the credibility of inflation figuresand sets a benchmark for the future measurement ofinflation credibility. Countries targeting inflationby 2006 are considered in detail. A cluster of 23countries was identified as inflation-targetingcountries in 2006: Australia, Brazil, Canada, Chile,Colombia, Czech Republic, Hungary, Iceland,Indonesia, Israel, Mexico, New Zealand, Norway, Peru,Philippines, Poland, Romania, Slovakia, South Africa,South Korea, Sweden, Thailand and United Kingdom. Subsequently (in 2007) Ghana joined this cluster ofcountries, although the inclusion or exclusion ofcertain countries as inflation targeters in thiscluster is still the topic of some debate.

O autorze

Jannie Rossouw studied at the University of Pretoria and
completed a PhD at the University of KwaZulu-Natal. He is a
Deputy General Manager of the SA Reserve Bank in Pretoria, South
Africa, and a part-time lecturer in economics at the University
of Pretoria. His research interests cover inflation credibility
and convergence in the SADC region.