The discussion is based on two papers: Covid-19 and Lockdown Policies: A Structural Simulation Model of a Bottom-Up Recession in Four Countries by Sherman Robinson, Stephanie Levy, Victor Hernández, Rob Davies, Raul Hinojosa, Sherwin Gabriel, Channing Arndt, Dirk van Seventer, and Marcelo Pleitez and Understanding South Africa’s trade policy and performance by Matthew Stern and […]
Drawing on the discussions in the previous 3 sessions, session 4 will look at how all of this comes together. Guided by the objectives of growing national income and employment, the panel will discuss the shape of a fiscal policy that is credible, sustainable and supportive of economic recovery.
South Africa has a comparably large government sector, and the choices made about revenue, expenditure, the deficit and how money is spent will play a defining role in shaping how incomes and employment will grow. These fiscal-macro issues collide with micro-level issues such as implementation capacity, failing economic regulation, corruption, high costs of economic activity, […]
Dr Neryvia Pillay Bell on the Fiscal response to the COVID-19 pandemic in South Africa: spending 10% of GDP
In this podcast Dr Neryvia Pillay Bell, a Policy Associate at ERSA and Senior Economics Lecturer at the University of Cape Town, discusses how South Africa’s labour market and the government budget have been negatively affected by the COVID-19 pandemic. With economic growth expected to decrease by 6%, unemployment levels are likely to rise significantly. […]
Prof. Johanne Fedderke on the differential impact of the Coronavirus as of end of March 2020: learnings from Germany and South Korea
Professor Johannes W. Fedderke, the Director of ERSA speaks to our host, Margaux G about the initial impact of the Coronavirus on the world. Exploring the differential impact across countries by focusing specifically on the number of confirmed cases at the time and the corresponding mortality rates, we can take some valuable learnings from countries […]