JEL code: E52

Monetary Policy

Request for Proposals: Back to inflation
Back to inflation In the wake of the global financial crisis (GFC),...
Call for Work
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...
Nicola Viegi
Podcast
Part 1: Monetary policy and Covid-19 in South Africa
The discussion is based on Sailing into the Wind: evaluating the (n...
Matthew Simmonds, Nicola Viegi, Mamokete Lijane, Konstantin Makrelov, Gina Schoeman
Dialogue
Health inequality and the 1918 Influenza in South Africa
The 1918 influenza – the Spanish flu – killed an estimated 6% of Sou...
Jonathan Jayes, Johan Fourie
Working 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, Nicola Viegi
Working Paper
Social distancing in macroeconomic models
The paper introduces voluntary social distancing to the canonical e...
Yoseph Y. Getachew
Working Paper
Quantitative Easing' and central bank asset purchases in South Africa: A DSGE approach
This paper develops a small open-economy (SOE) dynamic stochastic g...
Cobus Vermeulen
Working Paper
Dr Chris Loewald on Lockdown Learnings: monetary policy leeway during a pandemic
Shortly after the October MPR, ERSA’s host sat down with Dr Chris L...
Podcast
Prof. Nicola Viegi on SAMNet: a new economic modelling network is born
Adapting to the times, ERSA introduces its new initiative – the Sou...
Nicola Viegi
Podcast
Does household net financial wealth explain the asymmetric reaction of household consum...
Ndou et al (2019) showed that, in absolute terms, the decline in ho...
Eliphas Ndou
Working Paper
Part 4: Towards a fiscal policy that supports economic recovery while achieving sustain...
Drawing on the discussions in the previous 3 sessions, session 4 wi...
Matthew Simmonds, Ricardo Hausmann, Laurence Harris, Johannes W. Fedderke, Federico Sturzenegger, Abebe Selassie
Dialogue
Part 3: The role of fiscal policy in the post-Corona economic recovery
South Africa has a comparably large government sector, and the choi...
Christopher Loewald, Matthew Simmonds, Xavier Debrun, Mamokete Lijane, Gilad Isaacs, Federico Sturzenegger, Andrew Donaldson
Dialogue
Part 2: Financing the budget in the post-Corona world
Matthew delves into what financing the budget deficit in the post-C...
Brian Kantor, Matthew Simmonds, Xavier Debrun, Tshepiso Moahloli, Owen Willcox, Mamokete Lijane, Lucio Castro, Ian Stuart
Dialogue
Part 1: Understanding the concept of "fiscal sustainability" in the post-Corona world
Debt sustainability is equivalent to government solvency and from a...
Tshepiso Moahloli, Owen Willcox, Ian Stuart, Mamokete Lijane, Brian Kantor, Xavier Debrun, Lucio Castro
Dialogue
Dr David Fowkes on QE and central bank balance sheet policies: Does South Africa have ‘...
Shortly after the Governor of the SARB gave his speech about the fu...
David Fowkes
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, Nicola Viegi
Working Paper
Chris Loewald on the Monetary Policy response to the Coronavirus pandemic in South Afri...
Amidst the Coronavirus Pandemic and an economic downgrade, we speak...
Christopher Loewald
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...
Nicola Viegi
Podcast
The optimal monetary and macroprudential policies for the South African economy
We investigate the optimal design and effectiveness of monetary and...
Thabang Molisey, Guangling Dave Liu
Working Paper
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
Fiscal stimulus in a global zero lower bound environment
This paper investigates the effect of fi scal stimulus from an emer...
Guangling Dave Liu, Fernando Garcia-Barragan
Working Paper
Policy regime changes and central bank prefernces
This paper establishes whether central bank preferences are related...
Samuel Addo
Working Paper
Credit frictions and co-movement of durable and non-durable goods in a small open economy
In this paper I investigate, numerically, the co-movement puzzle by...
Hilary Patroba
Working Paper
Flow specific capital controls for emerging markets
This paper investigates the impact of capital controls on business ...
Guangling Dave Liu, Chris Garbers
Working Paper
Changes in the Liquidity Effect Over Time: Evidence from Four Monetary Policy Regimes
Monetary policy, post Bretton Woods, saw the emergence of the short...
Dawid J. van Lill
Policy Brief
The impact of Monetary Policy Announcements and Political Events on the Exchange Rate: ...
Since 2000 the South African rand has been among the most volatile ...
Amos C. Peters, Trust R. Mpofu
Working Paper
The welfare cost of macro-prudential policy in a two-country DSGE model
This paper builds a two-country DSGE model with financial frictions...
Hilary Patroba
Working Paper
Do monetary policy announcements affect foreign exchange returns and volatility? Some ...
This paper examines the temporal effect of domestic monetary policy...
Jannie Rossouw, Greg Farrell, Cyril May
Working Paper
Effects of South African Monetary Policy Implementation on the CMA A PVAR Approach
South Africa (SA) through its central bank, the South African Reser...
Monaheng Seleteng
Policy Brief
Has the Exchange Rate Pass-Through changed in South Africa?
This paper uses the two-stage exchange rate pass-through (ERPT) fra...
Asi Mbelu, Alain Kabundi
Working Paper
Effects of South African Monetary Policy Implementation on the CMA: A Panel Vector Auto...
The paper investigates the effects of South African monetary policy...
Monaheng Seleteng
Working Paper
Inflation dynamics in a dollarised economy: the case for Zimbabwe
The rapid and sustained loss in value of the Zimbabwean dollar, whi...
Pierre Le Roux, William Kavila
Policy Brief
Credit market heterogeneity, balance sheet (in) dependence, financial shocks
This paper presents a real business cycle model with financial fric...
Chris Garbers, Guangling Dave Liu
Working Paper
The impact of monetary policy on household consumption in South Africa
The monetary policy committee of South Africa’s Reserve Bank (SARB)...
Emmanuel Owusu-Sekyere
Policy Brief
Qualitative Guidance and Predictability of Monetary Policy in South Africa
With the adoption of the in ation targeting (IT) regime in 2000, th...
Ntuthuko Tsokodibane, Alain Kabundi
Working Paper
The impact of monetary policy on household consumption in South Africa. Evidence from V...
This paper investigates the “cost of credit effect” of monetary pol...
Emmanuel Owusu-Sekyere
Working Paper

Search Resources

Ground Floor Brookside Building
11 Imam Haron Road
Claremont, 7700
Cape Town

PostNet Suite # 109
Private Bag X1005
Claremont 7735
Cape Town

Get Social