This article investigates the relationship between central bank credibility and the volatility of
the key monetary policy instrument. First, we propose a time-varying measure of central …

This paper analyzes central bank credibility and its stabilizing effects for a set of emerging
economies (EEs) and advanced economies (AEs). First, we analyze historical performance …

Against the backdrop that inflation targeting is adopted to achieve a stable macroeconomy
(ie achieve single-digit inflation rates, lock-in of inflation expectations, and the capacity to …

Controlling inflation is important. The 2008-2009 global financial crisis created new
concerns about the macroeconomic effects of inflation targeting. A key issue for many central …

This thesis consists of six chapters of which chapters one and two provide the introduction
and a brief review of policy regimes in South Africa. Each of the three chapters that follow …