A selected history of South African inflation perceptions: The question matters

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dc.citation.doiDoi:10.5901/mjss.2014.v5n23p126en_ZA
dc.citation.epage136en_ZA
dc.citation.issue23en_ZA
dc.citation.spage126en_ZA
dc.contributor.authorRossouw, J
dc.contributor.authorBosch, A
dc.contributor.authorPadayachee, V
dc.date.accessioned2018-07-16T14:10:10Z
dc.date.available2018-07-16T14:10:10Z
dc.date.issued2014
dc.description.abstractThis paper provides a selected historical overview of inflation perception surveys undertaken in South Africa between 2006 and 2010 with a view to assessing the nature of the link between inflation perceptions and inflation expectations in the latest 2012 survey. These surveys are undertaken to assess the perceptions of respondents on the degree in which historic inflation figures reflect perceptions of actual inflation, and to find some link to inflation expectations. All the earlier pilot studies on inflation perceptions and the representative samples undertaken between 2006 and 2010 (in total six pilot studies, three representative samples and one survey among central bank employees) failed to show any link between inflation perceptions and inflation expectations. These findings cast some doubt on the premise that a policy of inflation targeting anchors inflation expectations in the current rate of inflation and therefore in the announced inflation target policy rate. In response to the earlier survey results, the question on inflation perceptions was put in different ways to respondents in the most-recent (2012) inflation perception survey to retest the hypothesis that inflation perceptions and inflation expectations are linked. The findings of this survey are analysed in this paper. These findings show a possible link to inflation expectations, and will be the subject of further research. The conclusion on the assessment of inflation perceptions is that the question matters.en_ZA
dc.description.librarianKIM2018en_ZA
dc.identifier.citationRossouw, J., Bosch, A., & Padayachee, V. (2014). A Selected History of South African Inflation Perceptions: The Question Matters. Mediterranean Journal of Social Sciences, 5(23), 126-136en_ZA
dc.identifier.issn2039-2117
dc.identifier.urihttps://hdl.handle.net/10539/24979
dc.journal.titleMediterranean Journal of Social Sciencesen_ZA
dc.journal.volumeVol 5en_ZA
dc.language.isoenen_ZA
dc.rightsCopyright © MCSER-Mediterranean Center of Social and Educational Researchen_ZA
dc.subjectInflation credibilityen_ZA
dc.subjectInflation expectationsen_ZA
dc.subjectInflation perceptionsen_ZA
dc.titleA selected history of South African inflation perceptions: The question mattersen_ZA
dc.typeArticleen_ZA
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