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dc.contributor.authorSetlhare, L.
dc.date.accessioned2012-03-21T12:55:07Z
dc.date.available2012-03-21T12:55:07Z
dc.date.issued2004
dc.identifier.citationSetlhare, L. (2004) Bank of Botswana's reaction function: modelling Botswana's monetary policy strategy, South African Journal of Economics, Vol. 72, No. 2, pp. 384-406en_US
dc.identifier.urihttp://hdl.handle.net/10311/992
dc.description.abstractThis 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.isoenen_US
dc.publisherJohn Wiley, www.wiley.comen_US
dc.subjectMonetary policyen_US
dc.subject.lcshMonetary policy--Botswanaen_US
dc.titleBank of Botswana's reaction function: modelling Botswana's monetary policy strategyen_US
dc.typePublished Articleen_US
dc.linkhttp://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2004.tb00118.x/pdfen_US


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