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Does the Household Financial Wealth Explain the Asymmetric Response of Consumption to Monetary Policy Shock in South Africa?

  • Ndou E
  • Gumata N
  • Tshuma M
Springer International Publishing, (2019), 381-390
DOI: 10.1007/978-3-030-13932-2_29
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Abstract

Evidence shows that in absolute terms, the decline in household consumption due to the repo rate tightening shocks exceeds the increase in household consumption following a repo rate loosening shock of the same magnitude. In addition, evidence show the asymmetric is...

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Ndou, E., Gumata, N., & Tshuma, M. M. (2019). Does the Household Financial Wealth Explain the Asymmetric Response of Consumption to Monetary Policy Shock in South Africa? In Exchange Rate, Second Round Effects and Inflation Processes (pp. 381–390). Springer International Publishing. https://doi.org/10.1007/978-3-030-13932-2_29

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