Back to top


Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy


Time consistency and economic growth: A case study of South African macroeconomic policy

Christopher Loewald, David Faulkner and Konstantin Makrelov
The numerous diagnostic studies and policy recommendations that exist for South Africa typically focus on microeconomic constraints to growth. Higher potential growth certainly requires structural reforms to boost productivity growth, in particular to allow private competition and investment in...
Nov 2020
Read more

Inflation, growth and employment in South Africa: Trends and trade-offs

C. Vermeulen
It is often publicly contended that overly strict application of inflation targeting stifles employment growth in South Africa, with the Phillips curve often cited as seemingly authoritative reference. This paper revisits this debate and argues that the Phillips curve has often been misinterpreted...
Sep 2015
Read more

Monetary Integration in SADC: Assessment of Policy Coordination and Real Effective Exchange Rate Stability

Mulatu F. Zerihun, Marthinus C. Breitenbach and Francis Kemegue
This paper evaluates the strength of policy coordination in Southern African Development Community (SADC) as well as real effective exchange rate stability as indicative of sensible monetary integration. The underlying hypothesis goes with the assertion that countries meeting OCA conditions face...
Nov 2014
Read more

Tax evasion and financial repression: A reconsideration using endogenous growth models

Rangan Gupta and Emmanuel Ziramba
Using two dynamic monetary general equilibrium models characterized by endogenous growth, financial repression and endogenously determined tax evasion, we analyze whether financial repression can be explained by tax evasion. When calibrated to four Southern European economies, we show that higher...
May 2008
Read more

Reconsidering the business cycle and stabilisation policies in South Africa

Stan du Plessis
This paper applies an alternative dating algorithm - suggested by Harding and Pagan (for example, 2002a) - to identify the turning points of the South African business cycle. The characteristics of the resulting business cycle are analysed and compared with results obtained for the o¢cial cycle in...
Sep 2006
Read more
Subscribe to RSS - E63