Inequality

Lacking Resources?

Lacking Resources?

By Dick ForslundA recent report to South African Cities Network shows how much of incomes households pay in property rates water and electricity supply, and solid waste and sanitation. Low income households pay 10 to 20 percentage points more of their total incomes to...

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Inflation Targeting Retards Economic Growth

By Dick Forslund and Mazibuko Jara20 September 2010At any rise in aggregate demand, the Bank increases interest rates.Last week, the Reserve Bank waded into the battles between workers and employers over wage demands. Its monetary policy statement expressed concern...

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Inflation Target Facilitates Growth

Response by Deputy Governor of the South African Reserve BankBy XP Guma29 September 2010Dick Forslund and Mazibuko Jara’s article (Inflation targeting retards economic growth, September 20) refers. Permit me to respond, briefly.First, the authors state that “it is...

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