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International Monetary Arrangements and Institutions

A Greek wedding in SADC? - Testing for structural symmetry

Marthinus C. Breitenbach, Francis Kemegue and Mulatu F. Zerihun
This paper investigates structural symmetry among SADC countries in order to establish, judged by modern OCA theory, which of these countries may possibly make for a good monetary matrimony and which countries may be left out in the cold. SADC remains adamant that it would conclude monetary union...
Dec 2012
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Learning About the Term Structure and Optimal Rules for Inflation Targeting

Mewael F. Tesfaselassie, Eric Schaling, Sylvester Eijffinger
In this paper we incorporate the term structure of interest rates in a standard inflation forecast targeting framework. We find that under flexible inflation targeting and uncertainty in the degree of persistence in the economy, allowing for active learning possibilities has effects on the optimal...
Oct 2007
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