| dc.contributor.author |
Setlhare, L. |
|
| dc.date.accessioned |
2012-03-21T12:55:07Z |
|
| dc.date.available |
2012-03-21T12:55:07Z |
|
| dc.date.issued |
2004 |
|
| dc.identifier.citation |
Setlhare, L. (2004) Bank of Botswana's reaction function: modelling Botswana's monetary policy strategy, South African Journal of Economics, Vol. 72, No. 2, pp. 384-406 |
en_US |
| dc.identifier.uri |
http://hdl.handle.net/10311/992 |
|
| dc.description.abstract |
This paper examines how monetary policy was actually conducted in Botswana, by specifying and estimating a monetary reaction function for the Bank of Botswana (BoB). Basically, a monetary reaction function (MRF) for a central bank is an equation that is intended to establish the goals that have actually been influencing the actions of the central bank. A MRF would exist if the monetary authorities (or BoB in particular) have been purposeful and reasonably consistent in the policy-making process. Thus, a study of a MRF provides a test on whether the monetary policy-making process has been characterised by systematic (if it exists) or random (if it does not exist) changes in the policy instrument(s). |
en_US |
| dc.language.iso |
en |
en_US |
| dc.publisher |
John Wiley, www.wiley.com |
en_US |
| dc.subject |
Monetary policy |
en_US |
| dc.subject.lcsh |
Monetary policy--Botswana |
en_US |
| dc.title |
Bank of Botswana's reaction function: modelling Botswana's monetary policy strategy |
en_US |
| dc.type |
Published Article |
en_US |
| dc.link |
http://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2004.tb00118.x/pdf |
en_US |