Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105544
Authors: 
Nell, Kevin
Year of Publication: 
2000
Series/Report no.: 
Department of Economics Discussion Paper, University of Kent 0005
Abstract: 
The main objective of this paper is to analyse the inflationary impact of exchange rate depreciation in South Africa over the period 1984-1998 when the monetary authorities adopted a more market-oriented exchange rate system. Although the empirical part of the paper extensively focuses on this period, the analysis also concentrates on the period 1973-1983 to determine whether the underlying causes of inflation have changed following significant structural, political and institutional changes. From a macroeconomic perspective, the empirical results show that the long-run causes of inflation in South Africa have changed from a demand-pull inflation over the period 1973-1983, to a cost-push cause (import prices and wage rate changes) of inflation since 1987 when a market determined exchange rate finally stabilised.
Subjects: 
Imported inflation
Import Pass-through
Exchange rate
Phillips curve
JEL: 
C22
E24
E31
Document Type: 
Working Paper

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