Money Supply Linked to Inflation in South Africa, Impacting Policy Decisions
The article examines whether inflation in South Africa is caused by too much money being printed or if money supply is not a major factor. By analyzing data from 1966 to 1997, the researchers found that money supply and 'excess' money are linked to consumer price inflation. This means that inflation in South Africa is influenced by factors beyond just the Central Bank, like structural and cost-push forces.