Monetary Policy | Economic Research Southern Africa

Keyword: Monetary Policy

COVID-19 and the South African Economy

Discussion Document 02 As South Africa looks to navigate itself out...

Matthew Stern, Christopher Loewald

Discussion Document

Revisiting the accuracy of inflation forecasts in Nigeria: The oil price-exchange rate-...

Motivated by the distinctive paradoxical nature of the Nigerian eco...

Yusuf Yakubua, Ojo Adelakun, Kazeem Isah, Elias Udeaja, Abdulkader C. Mahomedy

Working Paper

Contagion across financial markets during COVID-19: A look at volatility spillovers bet...

The onset of the novel coronavirus pandemic (COVID-19) and previous...

Reneé van Eyden, Goodness C. Aye, Chevaughn van der Westhuizen

Working Paper

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

Risk and return spillovers in a global model of the Foreign Exchange Network

We developed a network model to capture the dynamic interactions am...

Herbert Ntuli, Gibson Mudiriza, Edwin Muchapondwa, Boscow Okumu, Alfred K. Mukong

Working Paper

Policy Bulletin 05: The impact of global FX liquidity on the rand

The Covid crisis saw significant declines in market liquidity and c...

Tim Olds, Rossouw van Jaarsveld, Daan Steenkamp

Policy Bulletin

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

Dr Rossouw van Jaarsveld on developing a forex network model: how to highlight risk tra...

Have you ever wondered how sensitive the South African Rand is to s...

Rossouw van Jaarsveld

Podcast

South African Modelling Network Virtual Workshop: Emerging Markets back in the spotligh...

Organizers: Romain Houssa – University of Namur, SAMNET and Nicola ...

Romain Houssa, Nicola Viegi

SAMNet Workshop

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, Ekaterina Pirozhkova

Policy Paper

Estimates of bank-level funding costs in South Africa

We develop a new dataset of bank-level balance sheets data to estim...

Daan Steenkamp, Tim Olds

Working Paper

Dr Daan Steenkamp on forecasting GDP: why trucks matter in SA

In our second podcast with Dr Daan Steenkamp, a lead economist at t...

Daan Steenkamp

Podcast

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

Relationship between education and households’ electricity-saving behaviour in South Af...

This paper investigates the relationship between the education leve...

Kabeya C. Mulamba

Working Paper

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

The numerous diagnostic studies and policy recommendations that exi...

Konstantin Makrelov, David Faulkner, Christopher Loewald

Working Paper

South African Macroeconomic Network Virtual Workshop: New Data, New Methods, New Models...

The South African Macroeconomic Network 1st Annual Workshop will ex...

Nicola Viegi

SAMNet Workshop

Dr Daan Steenkamp on nowcasting: how economists benefit from machine learning and big data

With the unprecedented level of uncertainty in the economy, the abi...

Daan Steenkamp

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

A Sequence to Reverse Poverty: Institutions, State Capacity and Human Empowerment

This paper explores the fundamental or deep causes of poverty persi...

Sansia Blackmore, Reneé van Eyden

Working Paper

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

A fiscus for better economic and social development in South Africa

After showing that the bulk of government expenditure is unproducti...

Francois J. Stofberg, Jan H. van Heerden, Heinrich R. Bohlmann

Working Paper

Monetary policy and inequality

South Africa is one of the most unequal countries in the world and ...

Neryvia Pillay Bell

Policy Brief

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

Prof Johannes W. Fedderke on the South African – US sovereign bond spread: how is this ...

In this podcast, Prof. Johannes W. Fedderke, the Director of ERSA s...

Johannes W. Fedderke

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 Global Transmission of U.S. Monetary Policy

This paper studies the transmission of US monetary shocks across th...

Seokki S. Hong, Riccardo Degasperi, Giovanni Ricco

Working Paper

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

Assessing inflation targeting and its communication

It is less onerous to achieve policy objectives when they are clear...

Alberto Coco, Nicola Viegi

Policy Brief

A New Keynesian DSGE model for low income economies with foreign exchange constraints

The existing literature is clear that low income economies tend to ...

Bertha C. Bangara

Working Paper