• Eliphas Ndou
  • Nombulelo Gumata
  • Mthokozisi Mncedisi Tshuma


Recently several notable macroeconomic developments with huge economic significance impacted the South African economy compelling us to examine whether certain relationships have changed in line with varying economic regimes. Of great importance is the observed, muted inflation and average wage settlements response to the persistent exchange rate depreciation post 2009.


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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Eliphas Ndou
    • 1
  • Nombulelo Gumata
    • 2
  • Mthokozisi Mncedisi Tshuma
    • 3
  1. 1.South African Reserve BankPretoriaSouth Africa
  2. 2.PretoriaSouth Africa
  3. 3.National Planning Commission SecretariatPretoriaSouth Africa

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