Contributor Name: Nicola Viegi

Nicola Viegi is the South African Reserve Bank Professor of Monetary Economics at the University of Pretoria since 2010. His research areas are monetary economics, macroeconomics and political economy. A graduate from the Scottish Doctoral Programme in Economics, he has held positions at the University of Strathclyde in Glasgow, at the University of KwaZulu-Natal and at the University of Cape Town. His main areas of research are economic policy theory, macroeconomic modelling and regional macroeconomic integration. Current research includes inflation targeting under uncertainty, monetary policy and assets prices, macroeconomic integration in Southern Africa.

Prof Nicola Viegi deciphers the Nobel Prize winning research
In this podcast, ERSA’s host sits down with Prof. Nicola Viegi, the...
Margaux Giannaros, Nicola Viegi
Podcast
South African Modelling Network (SAMNET) Virtual Workshop: New Developments in Macroeco...
Organizers: Nicola Viegi and Vincent Dadam (University of Pretoria,...
Vincent Dadam, Nicola Viegi
SAMNet Workshop
Prof Nicola Viegi on evaluating the near future of monetary policy in SA: Sailing into ...
Only three times in the last century has monetary policy been re-ev...
Margaux Giannaros, Nicola Viegi
Podcast
Sailing into the Wind: evaluating the (near) future of Monetary Policy in South Africa
Policy Paper 25 This paper evaluates the main challenges facing Sou...
Nicola Viegi, Tumisang Loate-Ntsoko, Ekaterina Pirozhkova
Policy Paper
The transmission of monetary policy via the banks' balance sheet - does bank size matter?
We study the credit channel of monetary policy in South Africa betw...
Tumisang Loate-Ntsoko, Nicola Viegi
Working Paper
Estimating a New Keynesian Wage Phillips Curve
This paper estimates a New Keynesian Wage Phillips Curve for South ...
Nicola Viegi, Vincent Dadam
Working Paper
Prof. Nicola Viegi on SAMNet: a new economic modelling network is born
Adapting to the times, ERSA introduces its new initiative – the Sou...
Margaux Giannaros, Nicola Viegi
Podcast
Spillovers of the Conventional and Unconventional Monetary Policy from the US to South ...
This paper assesses the effect of US monetary policy on South Afric...
Alain Kabundi, Tumisang Loate-Ntsoko, Nicola Viegi
Working Paper
Nicola Viegi on the South African economic response to the Coronavirus: policies and pr...
Nicola Viegi, Deputy Director of ERSA, talks with Margaux G on the ...
Margaux Giannaros, Nicola Viegi
Podcast
Nicola Viegi on the potential impact of the Coronavirus on South Africa: policy co-ordi...
In this podcast, Prof. Nicola Viegi, the Deputy Director of ERSA an...
Margaux Giannaros, Nicola Viegi
Podcast
Assessing inflation targeting and its communication
It is less onerous to achieve policy objectives when they are clear...
Alberto Coco, Nicola Viegi
Policy Brief
The monetary policy of the South African Reserve Bank: stance, communication and credib...
This paper analyses the evolution of the monetary policy stance, co...
Alberto Coco, Nicola Viegi
Working Paper
Foreign aid and foreign direct investment in Sub-Sahara Africa: A panel data analysis
This study examines the relationship between foreign aid and foreig...
Nara Monkam, Kafayat Amusa, Nicola Viegi
Policy Brief
The political and economic dynamics of foreign aid: A case study of United States and C...
The study revisits the issue of the determinants of (development) a...
Nara Monkam, Kafayat Amusa, Nicola Viegi
Policy Brief
Foreign aid and Foreign direct investment in Sub-Saharan Africa: A panel data analysis
Funding constraints experienced by Sub-Saharan African (SSA) countr...
Nicola Viegi, Nara Monkam, Kafayat Amusa
Working Paper
The Political and Economic Dynamics of Foreign Aid in Africa: A case study of United St...
The foreign aid arena as it pertains to the African continent has t...
Nara Monkam, Kafayat Amusa, Nicola Viegi
Working Paper
Portfolio Flows in a two-country RBC model with financial intermediaries
Policy makers in emerging markets are increasingly preoccupied by t...
Nicola Viegi, Haakon Kavli
Policy Brief
Labour market and monetary policy in South Africa
Unemployment is the defining characteristic of the South African ec...
Vincent Dadam, Nicola Viegi
Policy Brief
Labour Market and Monetary Policy in South Africa
Unemployment is the defining characteristic of the South African ec...
Vincent Dadam, Nicola Viegi
Working Paper
Portfolio Flows in a two-country RBC model with financial intermediaries
The paper presents a two-country real business cycle model with a f...
Haakon Kavli, Nicola Viegi
Policy Brief
Evolution of Monetary Policy Transmission Mechanism in Malawi: A TVP-VAR with Stochasti...
This paper investigates the evolution of monetary transmission mech...
Manoel Bittencourt, Chance Mwabutwa, Nicola Viegi
Working Paper
Monetary Policy Response to Foreign Aid in an Estimated DSGE Model of Malawi
This paper estimates a Bayesian Dynamic Stochastic General Equilibr...
Manoel Bittencourt, Chance Mwabutwa, Nicola Viegi
Working Paper
Interaction of Formal and Informal Financial Markets in Quasi-Emerging Market Economies
The primary objective of this paper is to investigate the interacti...
Nicola Viegi, Harold P. E. Ngawala
Working Paper
Financial Reforms and Consumption Behaviour in Malawi
The purpose of the study is to examine whether financial reforms im...
Manoel Bittencourt, Chance Mwabutwa, Nicola Viegi
Working Paper
The High-Frequency Response of the Rand-Dollar rate to Inflation Surprises
We examine the high-frequency response of the rand-dollar nominal r...
Nicola Viegi, Greg Farrell, Shakill Hassan
Working Paper
Dynamic Effects of Monetary Policy Shocks in Malawi
This paper sets out to investigate the process through which moneta...
Harold P. E. Ngawala, Nicola Viegi
Working Paper
How Does Colonial Origin Matter for Economic Performance in sub-Saharan Africa?
This paper investigates the channels through which colonial origin ...
Johannes W. Fedderke, Julius A. Agbor, Nicola Viegi
Working Paper
A theory of colonial goverance
This paper considers conditions of optimality in a co-optive strate...
Johannes W. Fedderke, Julius A. Agbor, Nicola Viegi
Working Paper
Testing creative destruction in an opening economy: the case of the South African manuf...
We study a Lucas (1978) “fruit-tree” economy under the ...
Nicola Viegi, Peter W. Howitt, Johannes W. Fedderke, Philippe Aghion, Chandana Kularatne
Working Paper
Inflation Targeting: a Framework for Communication
More than a monetary policy strategy, we interpret inflation target...
Nicola Viegi, Maria Demertzis
Working Paper
Inflation Targets as Focal Points
In a world characterised by noisy information and conflicting signa...
Nicola Viegi
Working Paper
Inflation Targets as Focal Points
In a world characterised by noisy information and conflicting signa...
Maria Demertzis, Nicola Viegi
Working Paper