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South Africa: The Search for Balanced and Sustainable Economic Growth
Warnock, Francis E.Caso DARDEN-GEM-0179-EEconomíaThis case follows Lesetja Kganyago, governor of the South African Reserve Bank (SARB), and his efforts to keep inflation between 3% and 6% and, if possible, close to the midpoint of that range (i.e., 4.5%). This policy, part of the inflation targeting (IT) regime put in place in February 2000, forced the SARB to tighten monetary policy substantially and repeatedly in 2014 and 2015, when inflation was above the target, arguably pushing the economy...Desde 8,20 €
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Bernanke's Dilemma
Warnock, Francis E.Caso DARDEN-GEM-0111-EEconomíaAt what point in the tepid recovery from the global financial crisis should the Fed take a major step in normalizing U.S. monetary policy by greatly reducing its holdings of U.S. Treasury bonds? Federal Reserve Board Chairman Ben Bernanke faced this question in summer 2013, even as he was concerned that the U.S. economy was still on a weak footing. Suitable for both core and elective MBA courses in global financial markets and international finan...Desde 8,20 €