Only three times in the last century has monetary policy been re-evaluated and tested to its limits. This global pandemic has forced many central banks around the world to use non-conventional frameworks and the last time we did this much soul searching was after the Global Financial Crisis. In this podcast, Economics Professor at the University of Pretoria discusses key findings from his research entitled ‘Sailing into the Wind: evaluating the near future of monetary policy in SA’ which he co-authored with Tumisang Loate and Ekaterina Pirozkhova, also from the University of Pretoria. How has monetary policy evolved in South Africa, and what is the journey behind using inflation targeting? Having survived the Global Financial Crisis, is it still ideal for a post-Covid South Africa? This podcast discusses the main challenges facing monetary policy in South Africa’s near future as well as the role of monetary policy in a country experiencing low growth and high uncertainty. To anyone interested in how and why experiments work, and what drives change in economic policy, this podcast will appeal to your curiosity. We hope you enjoy!
The beat used in this production, called ‘Resolutions’, is royalty free and can be found at freebeats.io.