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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


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