Dr. Rashad Cassim: Unanswered questions in South African monetary policy

Posted by Melt van Schoor on 2017-03-03

On Monday, Dr. Rashad Cassim (picture above, second from left, along with Prof Ben Smit, Dr Monique Reid and Prof Stan du Plessis), who is the Head of Research at the South African Reserve Bank and a member of the Monetary Policy Committee, visited the Department and delivered a wide-ranging and insightful talk on opportunities for mutual improved understanding between monetary policy practitioners and academic researchers. His presentation began by sketching out his view on the role of inflation targeting in South Africa and other countries, namely that it is more a way of communication than a specific policy theory, and it works by providing a nominal anchor that guides the theoretical framework on which decisions are made. He identified many areas where our understanding of monetary policy could be improved, such as the impact of financial regulation on the monetary transmission mechanism and the apparent flattening of the Phillips curve.

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No seminars are currently listed. Please check back soon.
 
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BER Weekly

1 Nov 2024
The Medium Term Budget Policy Statement (MTBPS), delivered on Wednesday, was the highlight of the week domestically. The MTBPS was a little underwhelming, but to be fair, fiscal policy works better when there are no surprises. While the most interesting domestic data releases are scheduled for later today, the international calendar was jampacked, with...

Read the full issue