00984oam 2200193z- 450 99638447940331620200818214533.0(CKB)4940000000072742(EEBO)2240936947(EXLCZ)99494000000007274220191209c1651uuuu -u- -engThe anatomy of melancholy what it is, with all the kinds, causes, symptomes, prognostickes, & severall cures of it : in three partitions, with their severall sections, members, & subsections philosophically, medicinally, historically opened & cut up, witPrinted for Henry CrippsEnglandBurton Robert164192BOOK996384479403316The anatomy of melancholy what it is, with all the kinds, causes, symptomes, prognostickes, & severall cures of it : in three partitions, with their severall sections, members, & subsections philosophically, medicinally, historically opened & cut up, wit2417031UNISA01277nam 2200253la 450 991048142400332120210618143138.0(UK-CbPIL)2090349319(CKB)5500000000096402(EXLCZ)99550000000009640220210618d1537 uy |laturcn||||a|bb|M.T.Cic. Rhetorici, seu De inuentione libri 2. Cum M. Fabii Victorini rhetoris doctissimi commentariis separatim expressis. Vtriusque margines notis numerorum distinximus, ita respondentibus inter se, vt perfacile fit commentariorum particulas cum M. Tullii verbis componere[electronic resource]Paris [s.n.]1537Online resource (2 pt. (108; 189, [11] p., 4º)Reproduction of original in Biblioteca Nazionale Centrale di Firenze.Cicero Marcus Tullius82411Uk-CbPILUk-CbPILBOOK9910481424003321M.T.Cic. Rhetorici, seu De inuentione libri 2. Cum M. Fabii Victorini rhetoris doctissimi commentariis separatim expressis. Vtriusque margines notis numerorum distinximus, ita respondentibus inter se, vt perfacile fit commentariorum particulas cum M. Tullii verbis componere2099049UNINA05834oam 22011894 450 991096577880332120250426110706.09781475557602147555760497814755864661475586469(CKB)2670000000278826(EBL)1606837(SSID)ssj0000952360(PQKBManifestationID)11522103(PQKBTitleCode)TC0000952360(PQKBWorkID)10905647(PQKB)10391029(MiAaPQ)EBC1606837(Au-PeEL)EBL1606837(CaPaEBR)ebr10627047(OCoLC)800095393(IMF)WPIEE2012177(IMF)WPIEA2012177WPIEA2012177(EXLCZ)99267000000027882620020129d2012 uf 0engur|n|---|||||txtccrEstimating the Implicit Inflation Target of the South African Reserve Bank /Nir Klein1st ed.Washington, D.C. :International Monetary Fund,2012.1 online resource (17 p.)IMF Working PapersDescription based upon print version of record.9781475520866 1475520867 9781475505252 1475505256 Includes bibliographical references.Cover; Contents; I. Introduction; Figures; 1. Inflation Targets in Selected Emerging Markets; II. The Empirical Model; 2. South Africa: Output Gap by Hodric-Presscot Filter; III. Estimation Results under a Constant Natural Real Rate Empirical Model; 3. Inflation and Inflation Expectations; Tables; 1. Estimated Response Function of the SARB; 4. The Estimated Implicit Inflation Target; IV. The Sensitivity of the Results to the Pre-determined Parameters; A. A Random Walk or a Stationary Process?; B. A Different (constant) Natural Real Rate; C. Alternative Signal-to-Noise Ratios2. Estimated Response Function with a Relaxation of the Random Walk Assumption5. The Estimated Implicit Inflation Target with Different Levels of Natural Real Rate; V. Time-Varying Natural Real Rate; 3. Estimated Response Function with Different Signal-to-Noise Ratios; 6. The Estimated Implicit Inflation Target with Alternative Signal-to-Noise Ratios; 7. The Estimated Time-Varying Natural Interest Rate; 8. The Estimated Implicit Inflation Target with Time-Varying Natural Interest Rate; VI. The Actual versus the Predicted Policy Rate4. Estimated response function with time-varying natural real rate9. Actual and Predicted Policy Rate; VII. Conclusions; References; Appendix: Table; 1.A Labor Descriptive Statistics, 2001-Q1-2011-Q4; Appendix: Figures; 1.A The Estimated Implicit Inflation Target; 2A. The SARB's Policy RateThis paper applies a state-space approach to estimate the implicit inflation target of the South African Reserve Bank (SARB) since the adoption of the Inflation Targeting (IT) framework. The paper's findings are two. First, although the official inflation target range is 3.6 percent, in practice, the SARB seems to have aimed for the upper segment of the band (41.2 .6 percent) for most of the period, despite the substantial variation of the output gap. Second, the estimation results show that the implicit inflation target varied over time, and in recent years it has shifted toward the upper limit of the inflation target range. This perhaps suggests that since the outbreak of the financial crisis in 2008, the SARB's tolerance for higher inflation has somewhat increased to better support economic activity.IMF Working Papers; Working Paper ;No. 2012/177Anti-inflationary policiesSouth AfricaBankingimfBanks and BankingimfCentral bank policy rateimfCentral Banks and Their PoliciesimfDeflationimfEconomic theoryimfFinancial servicesimfInflation targetingimfInflationimfInterest ratesimfInterest Rates: Determination, Term Structure, and EffectsimfMacroeconomicsimfMacroeconomics: ProductionimfMonetary economicsimfMonetary PolicyimfMonetary policyimfMoney and Monetary PolicyimfOutput gapimfPrice LevelimfPricesimfProduction and Operations ManagementimfProductionimfSouth AfricaimfAnti-inflationary policiesBankingBanks and BankingCentral bank policy rateCentral Banks and Their PoliciesDeflationEconomic theoryFinancial servicesInflation targetingInflationInterest ratesInterest Rates: Determination, Term Structure, and EffectsMacroeconomicsMacroeconomics: ProductionMonetary economicsMonetary PolicyMonetary policyMoney and Monetary PolicyOutput gapPrice LevelPricesProduction and Operations ManagementProduction332.1/52Klein Nir1122405DcWaIMFBOOK9910965778803321Estimating the Implicit Inflation Target of the South African Reserve Bank4372029UNINA