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- W85876603 abstract "PPP is unlikely to hold instantaneously for all commodities across the different regions of a monetary area. It is therefore possible that monetary expansions or contractions will have different effects in different regions, if there are regional asymmetries in the monetary transmission mechanism. We estimate the size of such asymmetries across the nine provinces of South Africa over the period 1997-2005. There are large and statistically significant differences in the response of prices to monetary expansions and contractions." @default.
- W85876603 created "2016-06-24" @default.
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- W85876603 date "2005-08-01" @default.
- W85876603 modified "2023-09-24" @default.
- W85876603 title "Asymmetries in the effects of monetary policy: the case of South Africa" @default.
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