Author:Das, Sonali; Gupta, R; Kanda, PTDate:Apr 2011This paper first tests for house price bubbles in the South African housing market, using quarterly data from 1969:Q2 to 2009:Q3, based on the unit root test developed by Phillips et al. (2007). This test not only allows us to detect whether ...Read more
Author:Das, Sonali; Gupta, R; Kanda, PT; Reid, M; Tipoy, CK; Zerihun, MFDate:Dec 2012The real interest rate is a very important variable in the transmission of monetary policy. It features in vast majority of financial and macroeconomic models. Though the theoretical importance of the real interest rate has generated a sizable ...Read more