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STRUCTURAL CHANGE AND NONLINEARITIES IN A PHILLIPS CURVE MODEL FOR SOUTH AFRICA

✍ Scribed by KEVIN S. NELL

Book ID
111743635
Publisher
Oxford University Press
Year
2006
Tongue
English
Weight
232 KB
Volume
24
Category
Article
ISSN
1074-3529

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In the framework of a Keynesian monetary macro model we study implications of kinked Phillips curves and alternative monetary policy rules. As alternative monetary policy rules we consider monetary growth targeting and interest rate targeting (the Taylor rule). Our monetary macro model exhibits: ass