The long-run impact of inflation in South Africa

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Date

2010-12

Authors

Kengne, Beatrice D. Simo

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Volume Title

Publisher

University of Pretoria, Department of Economics

Abstract

This paper evaluates the hypothesis of long-run super-neutrality of money (LRSN) within the context of the South African economy. The long-run impact of inflation on the interest rate and subsequently, output is estimated by employing a trivariate structural vector autoregression model. The estimation results suggest that the hypothesis of LRSN cannot be rejected, thereby potentially supporting the arguments asserted by Sidrauski (1967).

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Keywords

Money neutrality, Structural vector autoregression

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Citation

Amusa, K, Gupta, R, Karolia, S & Kengne, BDS 2010, 'The long-run impact of inflation in South Africa', University of Pretoria, Department of Economics, Working paper series, no. 2010-29. [http://web.up.ac.za/default.asp?ipkCategoryID=736&sub=1&parentid=677&subid=729&ipklookid=3]

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http://hdl.handle.net/2263/15745

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Working Papers (Economics)
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