n African Finance Journal - Causes of inflation in Namibia : an empirical exploration




This paper sets out to establish possible causes of inflation in Namibia. These are : growth in Namibia's money supply, aggregate demand and domestic costs of production; and pass-through of South Africa's prices and costs to domestic prices in Namibia. This paper argues that inflation in Namibia is caused by a combination of monetary and structural factors. The paper recommends the following strategies : optimal mix of monetary and fiscal policy measures; exploration of Namibia's import substitution possibilities; reduction of monopolistic and oligopolistic powers in manufacturing and trade; and increase labour productivity, as a means of reducing average cost of production.


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