{"id":"https://openalex.org/W2115084576","doi":null,"title":"Estimating Monetary Policy Rules for South Africa","display_name":"Estimating Monetary Policy Rules for South Africa","publication_year":2001,"publication_date":"2001-01-01","ids":{"openalex":"https://openalex.org/W2115084576","mag":"2115084576"},"language":"en","primary_location":{"id":"pmh:uuid:be0350f0-2e9a-4c03-9624-db8b0a5faa07","doi":null,"is_oa":false,"landing_page_url":"http://economics.ouls.ox.ac.uk/9935/","pdf_url":null,"source":{"id":"https://openalex.org/S4306402636","display_name":"Oxford University Research Archive (ORA) (University of Oxford)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I40120149","host_organization_name":"University of Oxford","host_organization_lineage":["https://openalex.org/I40120149"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"http://economics.ouls.ox.ac.uk/9935","raw_type":"Book Section"},"volume":null,"type":"book-chapter","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5086672835","display_name":"Janine Aron","orcid":"https://orcid.org/0000-0001-8009-0699","observed_orcids":["https://orcid.org/0000-0001-8009-0699"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Janine Aron","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-8009-0699","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5019195796","display_name":"John N. J. Muellbauer","orcid":"https://orcid.org/0000-0003-3638-0095","observed_orcids":["https://orcid.org/0000-0003-3638-0095"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"John Muellbauer","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":7.4743,"has_fulltext":false,"cited_by_count":36,"citation_normalized_percentile":{"value":0.9703543,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"4","issue":null,"first_page":"427","last_page":"476"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-policy-rules","display_name":"monetary policy rules","score":0.9980000257492065},{"id":"https://openalex.org/keywords/south-africa","display_name":"South Africa","score":0.8669999837875366},{"id":"https://openalex.org/keywords/inflation-targeting","display_name":"inflation targeting","score":0.8679999709129333},{"id":"https://openalex.org/keywords/inflation-forecasting","display_name":"inflation forecasting","score":0.7459999918937683},{"id":"https://openalex.org/keywords/capital-account-liberalization","display_name":"capital account liberalization","score":0.7979999780654907},{"id":"https://openalex.org/keywords/fiscal-policy-constraints","display_name":"fiscal policy constraints","score":0.6949999928474426},{"id":"https://openalex.org/keywords/monetary-aggregates","display_name":"monetary aggregates","score":0.5759999752044678},{"id":"https://openalex.org/keywords/policy-transparency","display_name":"policy transparency","score":0.7540000081062317},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.7149999737739563},{"id":"https://openalex.org/keywords/monetary-policy-transition","display_name":"monetary policy transition","score":0.4269999861717224}],"concepts":[{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.8072313070297241},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7565243244171143},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.7504650354385376},{"id":"https://openalex.org/C2778222704","wikidata":"https://www.wikidata.org/wiki/Q1898150","display_name":"Taylor rule","level":4,"score":0.6855188608169556},{"id":"https://openalex.org/C2779513878","wikidata":"https://www.wikidata.org/wiki/Q631916","display_name":"Output gap","level":3,"score":0.6003677248954773},{"id":"https://openalex.org/C185824701","wikidata":"https://www.wikidata.org/wiki/Q1193759","display_name":"Inflation targeting","level":3,"score":0.5688006281852722},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.5575465559959412},{"id":"https://openalex.org/C109948328","wikidata":"https://www.wikidata.org/wiki/Q140845","display_name":"Balance of payments","level":2,"score":0.5480417013168335},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5079262852668762},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.43611377477645874},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.43603426218032837},{"id":"https://openalex.org/C2992735868","wikidata":"https://www.wikidata.org/wiki/Q66344","display_name":"Central bank","level":3,"score":0.20021799206733704},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":9,"locations":[{"id":"pmh:uuid:be0350f0-2e9a-4c03-9624-db8b0a5faa07","doi":null,"is_oa":false,"landing_page_url":"http://economics.ouls.ox.ac.uk/9935/","pdf_url":null,"source":{"id":"https://openalex.org/S4306402636","display_name":"Oxford University Research Archive (ORA) (University of Oxford)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I40120149","host_organization_name":"University of Oxford","host_organization_lineage":["https://openalex.org/I40120149"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"http://economics.ouls.ox.ac.uk/9935","raw_type":"Book Section"},{"id":"pmh:oai:RePEc:chb:bcchsb:v04c15pp427-476","doi":null,"is_oa":false,"landing_page_url":"https://si2.bcentral.cl/public/pdf/banca-central/pdf/v4/427_476Aaron.pdf","pdf_url":"https://si2.bcentral.cl/public/pdf/banca-central/pdf/v4/427_476Aaron.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},{"id":"pmh:oai:RePEc:chb:bcchwp:89","doi":null,"is_oa":false,"landing_page_url":"https://www.bcentral.cl/documents/33528/133326/DTBC_89.pdf","pdf_url":"https://www.bcentral.cl/documents/33528/133326/DTBC_89.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.195.7922","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.195.7922","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.nottingham.ac.uk/economics/research/seminars/papers/Monpolpdf.pdf","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.208.9543","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.208.9543","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.bcentral.cl/eng/studies/central-banking/pdf/v4/427_476Aaron.pdf","raw_type":"text"},{"id":"mag:2115084576","doi":null,"is_oa":false,"landing_page_url":"http://www.nuffield.ox.ac.uk/Users/Muellbauer/Monpol.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"mag:3121219312","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/h/chb/bcchsb/v04c15pp427-476.html","pdf_url":null,"source":{"id":"https://openalex.org/S4306505846","display_name":"Central Banking, Analysis, and Economic Policies Book Series","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"book series"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Central Banking, Analysis, and Economic Policies Book Series","raw_type":null},{"id":"pmh:hdl:10068/544968","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10068/544968","pdf_url":null,"source":{"id":"https://openalex.org/S4377196900","display_name":"OpenGrey (Institut de l'Information Scientifique et Technique)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1295345811","host_organization_name":"Institut de l'Information Scientifique et Technique","host_organization_lineage":["https://openalex.org/I1295345811"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"R - Report"},{"id":"pmh:oai:RePEc:csa:wpaper:2001-07","doi":null,"is_oa":false,"landing_page_url":"https://ora.ox.ac.uk/objects/uuid:cd5b6dc9-7c57-4cee-aebb-509e5bf30ada","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":23,"referenced_works":["https://openalex.org/W1480199539","https://openalex.org/W1480476874","https://openalex.org/W1481945423","https://openalex.org/W1541001277","https://openalex.org/W1964134395","https://openalex.org/W1975994995","https://openalex.org/W1992974399","https://openalex.org/W2052982770","https://openalex.org/W2056909848","https://openalex.org/W2070720254","https://openalex.org/W2136891631","https://openalex.org/W2140138058","https://openalex.org/W2140898820","https://openalex.org/W2149855692","https://openalex.org/W2151162832","https://openalex.org/W2152839769","https://openalex.org/W3023652150","https://openalex.org/W3122920447","https://openalex.org/W3123418487","https://openalex.org/W3124351241","https://openalex.org/W3124625462","https://openalex.org/W3124757963","https://openalex.org/W3151088192"],"related_works":["https://openalex.org/W7096529046","https://openalex.org/W7096794965","https://openalex.org/W3124668845","https://openalex.org/W3206072159","https://openalex.org/W7098212749","https://openalex.org/W3122696737","https://openalex.org/W2167202426","https://openalex.org/W2941700590","https://openalex.org/W7029024323","https://openalex.org/W7097104139"],"abstract_inverted_index":{"Monetary":[0],"policy":[1,46,124,151,158],"in":[2,80,109],"South":[3,43,81],"Africa\u2019s":[4,44],"emerging":[5],"market":[6],"economy,":[7],"given":[8],"capital":[9],"account":[10],"liberalization":[11],"and":[12,25,38,69,79,160,173],"severe":[13],"constraints":[14],"on":[15],"fiscal":[16],"policy,":[17],"has":[18,88],"the":[19,39,66,84,143,147,166],"major":[20],"responsibility":[21],"for":[22,34,152],"curbing":[23],"inflation":[24,107],"currency":[26],"instability":[27],"while":[28],"trying":[29],"to":[30,99,122],"ensure":[31],"sufficient":[32],"growth":[33],"longer-term":[35],"political":[36],"stability":[37],"reduction":[40],"of":[41,86,116,146,149,165],"poverty.":[42],"monetary":[45,134,150],"is":[47,138],"going":[48],"through":[49],"a":[50,62,91,100,127,133,139],"rapid":[51],"transition":[52],"away":[53,93],"from":[54,94],"an":[55,103],"old-fashioned,":[56],"partly":[57],"monetarist":[58],"view":[59],"that":[60],"assumed":[61],"simple":[63],"connection":[64],"between":[65],"money":[67],"supply":[68],"inflation.":[70],"Accumulated":[71],"international":[72],"evidence":[73],"does":[74],"not":[75],"support":[76],"this":[77],"view,":[78],"Africa":[82],"itself":[83],"force":[85],"circumstance":[87],"recently":[89],"compelled":[90],"move":[92],"these":[95],"ideas.":[96],"The":[97],"shift":[98],"regime":[101],"with":[102,142],"explicit,":[104],"publicly":[105],"announced":[106],"goal":[108],"late":[110],"1999":[111],"demands":[112],"good":[113],"forecasting":[114],"models":[115],"inflation,":[117,153],"using":[118],"all":[119],"available":[120],"information":[121],"guide":[123],"rather":[125],"than":[126],"single":[128],"intermediate":[129],"target":[130],"such":[131],"as":[132,154,156],"aggregate.":[135],"Important,":[136],"too,":[137],"shared":[140],"understanding":[141],"private":[144],"sector":[145],"effectiveness":[148],"well":[155],"greater":[157],"transparency":[159],"more":[161],"open":[162],"public":[163],"discussion":[164],"underlying":[167],"issues":[168],"(see,":[169],"among":[170],"others,":[171],"Leiderman":[172],"Svensson,":[174]},"counts_by_year":[{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}