Back to top


General Aggregative Models: Forecasting and Simulation: Models and Applications

'Quantitative Easing' and central bank asset purchases in South Africa: A DSGE approach

Cobus Vermeulen
This paper develops a small open-economy (SOE) dynamic stochastic general equilibrium (DSGE) model to evaluate the effect of the temporary emergency purchases of government bonds by the South African Reserve Bank (SARB) during 2020. The model is constructed in the portfolio balancing framework, in...
Nov 2020
Read more

Forecasting the South African Economy: A DSGE-VAR Approach

Guangling ‘Dave’ Liu, Rangan Gupta and Eric Schaling
This paper develops an estimable hybrid model that combines the micro-founded DSGE model with the flexibility of the theoretical VAR model. The model is estimated via the maximum likelihood technique based on quarterly data on real Gross National Product (GNP), consumption, investment and hours...
Jul 2007
Read more
Subscribe to RSS - E17