Exchange Rate, Second Round Effects and Inflation Processes

Chapter 1 Introduction

Chapter 2 Policy Implications of ERPT and Ongoing Debates

Chapter 3 How Big Are the Second Round Effects of the Exchange Rate Depreciation Transmitted via Consumer Price Inflation to Average Wage Settlements?

Chapter 4 Does the Size of Second-Round Effects on Growth in Total Remuneration Per Worker Due to Exchange Rate Depreciation Shock Vary According to Inflation Regimes?

Chapter 5 Do Inflation Regimes Influence the Size of Second-Round Effects on Private Sector Wage Inflation Following an Exchange Rate Depreciation Shock?

Chapter 6 Do Inflation Regimes Matter for the Sizes of Second-Round Effects of Oil Price Shocks to Consumer Price Inflation via the Unit Labour Costs Channel?

Chapter 7 Monetary Policy Credibility and the Time-Varying Exchange Rate Pass-Through to Consumer Price Inflation

Chapter 8 Monetary Policy Credibility and the Exchange Rate Pass-Through to Inflation

Chapter 9 Does the Monetary Policy Channel Impact the Transmission of Exchange Rate Depreciation Shocks to Inflation?

Chapter 10 Does Monetary Policy Credibility Impact the Responses of Unit Labour Costs to Exchange Rate Depreciation Shocks?

Chapter 11 Does Monetary Policy Credibility Play a Role in the Transmission of Oil Price Shocks to Inflation Expectations?

Chapter 12 Does Monetary Policy Credibility Affect Market-Based Inflation Expectations?

Chapter 13 Does the Consumer Confidence Channel Affect the Response of Inflation to Exchange Rate Depreciation Shocks?

Chapter 14 Does Weak Business Confidence Impact the Pass-Through of the Exchange Rate Depreciation Shocks to Inflation?

Chapter 15 Does the Exchange Rate Volatility Matter for the Reaction of Consumer Price Inflation to Exchange Rate Depreciation Shock?

Chapter 16 Does Trade Openness or Globalisation Matter for the Response of Inflation to Exchange Rate Depreciation Shocks?

Chapter 17 Does Fiscal Policy Credibility Matter for the Exchange Rate Pass-Through to Consumer Price Inflation in South Africa?

Chapter 18 Has the Fiscal Policy Credibility Shock Impacted the Time-Varying Exchange Rate Pass-Through to Consumer Price Inflation?

Chapter 19 Is the Impact of High Monetary Policy Credibility on Consumer Price Inflation and the ERPT Reinforced by Fiscal Policy Credibility?

Chapter 20 What Is the Role and Costs of Administered Prices? Evidence from Monetary Policy Responses to Positive Inflation Shocks

Chapter 21 Monetary and Fiscal Policy Interactions on the Inflation Process: The Role of the Fuel Levies Channel

Chapter 22 Monetary and Fiscal Policy Interactions in the Inflation Process: The Role of Public Transport Inflation Channel

Chapter 23 Monetary Policy and Inflation Rates by Expenditure Deciles and Rural Areas

Chapter 24 Is There Evidence of Asymmetries in the Adjustment of the Lending Rate Responses to Repo Rate Changes?

Chapter 25 Is There Evidence of Rigidity in the Corporate Lending Rate Adjustment Following Repo Rate Changes?

Chapter 26 Does the Flexible Mortgage Rate Exhibit Asymmetric Response to Changes in the Repo Rate? Are the Effects Consistent with Upward or Downward Rigidity?

Chapter 27 What Is the Role of Competition in the Banking Sector on the Interest Rate Pass-Through and Loan Intermediation Mark-Up?

Chapter 28 Does Consumption Growth Respond Asymmetrically to Positive and Negative Repo Rate Changes?

Chapter 29 Does the Household Financial Wealth Explain the Asymmetric Response of Consumption to Monetary Policy Shock in South Africa?