Is There Evidence of the Trade-Off in Output and Inflation Volatilities in South Africa?

  • Eliphas Ndou
  • Thabo Mokoena


Evidence shows there is trade-off between output and inflation volatilities. The volatilities of inflation and the output were minimised in the inflation-targeting period. Evidence reveals that periods when the macroeconomic performance was superior coincided with the periods of minimal volatilities in both the inflation rates and the output gap.


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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Eliphas Ndou
    • 1
    • 3
    • 4
  • Thabo Mokoena
    • 2
  1. 1.Economic Research DepartmentSouth African Reserve BankPretoriaSouth Africa
  2. 2.Department of Economic, Small Business Development, Tourism and Environmental AffairsFree State Provincial GovernmentBloemfonteinSouth Africa
  3. 3.School of Economic and Business SciencesUniversity of the WitwatersrandJohannesburgSouth Africa
  4. 4.Wits Plus, Centre for Part-Time StudiesUniversity of the WitwatersrandJohannesburgSouth Africa

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