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 |