Monetary Policy | Economic Research Southern Africa

Keyword: Monetary Policy

The role of the rand as a shock absorber

This paper investigates the impact of rand shocks on industry outpu...

Luchelle Soobyah, Daan Steenkamp

Working Paper

Monetary policy in a model with commodity and financial market research brief

Uncovering the key drivers of business cycles of commodity exportin...

Vo Phuong Mai Le, Ruthira Naraidoo

Policy Brief

Monetary policy in a model with commodity and financial market

This paper builds a small open economy model for a net commodity ex...

Vo Phuong Mai Le, Ruthira Naraidoo

Working Paper

Order flow and rand/dollar exchange rate dynamic

This study investigates the impact of order flow on the rand/dollar...

Alta Joubert, Alain Kabundi, Aadila Hoosain

Policy Brief

Order flow and rand/dollar exchange rate dynamics

This paper uses the microstructure approach for the South African f...

Alta Joubert, Alain Kabundi, Aadila Hoosain

Working Paper

Foreign Direct Investment, Sectoral Effects and Economic Growth in Africa

Earlier studies on the impact of foreign direct investment (FDI) on...

Yakubu A. Sare, Eric E. O. Opoku, Muazu Ibrahim

Working Paper

Can creditor bail-in trigger contagion? The experience of an emerging market

The successful bail-in of creditors in African Bank, a small South ...

Roy Havemann

Working Paper

Impact of macroeconomic announcements on foreign exchange volatility: Evidence from Sou...

This study focuses on scheduled macroeconomic news announcements an...

Tseke Maserumule, Paul Alagidede

Working Paper

Homelessness, Property Rights, and Institutional Logics

We explore whether there is evidence of property rights amongst the...

John M. Luiz, James Rycroft

Working Paper

Real Exchange Rate Volatility and Employment Growth in South Africa: The Case of Manufa...

This paper investigates the effect of exchange rate volatility on e...

Trust R. Mpofu, Eftychia Nikolaidou

Working Paper

Optimal Monetary Policy with Output and Asset Price Volatility in an Open Economy: Evid...

This paper attempts to establish optimal response of monetary polic...

Peter Wamalwa

Working Paper

Equilibrium Exchange Rates and Misalignments: The Case of Homogenous Emerging Market Ec...

We compute the exchange rate misalignment for a set of emerging eco...

Mulatu F. Zerihun, Marthinus C. Breitenbach, Christian K. Tipoy

Working Paper

Do monetary policy announcements affect foreign exchange returns and volatility? Some e...

Our empirical study addresses the question: How does the South Afri...

Jannie Rossouw, Greg Farrell, Cyril May

Policy Brief

The Reaction of Inflation to Macroeconomic Shocks: The Case of Zimbabwe (2009 – 2012)

This paper empirically investigates the reaction of inflation to ma...

William Kavila, Pierre Le Roux

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

Measuring institutions during and after colonisation in Senegal (1819-2010)

Most of the widely used indicators of institutions have been critic...

Elise W. Sonne, Maty Konte

Working Paper

The effect of tax harmonisation in the Southern African Development Community on Foreig...

This paper investigates the effect of tax harmonisation on foreign ...

Michael Ade, Jannie Rossouw, Tendai Gwatidzo

Working Paper

Analysis of tax harmonisation in the SADC

This paper analyses tax harmonisation in the SADC region. Results o...

Jannie Rossouw, Tendai Gwatidzo, Michael Ade

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

The behaviour of the real effective exchange rate of South Africa: is there a misalignm...

The paper uses Behavioural Equilibrium Exchange Rate methodology to...

Meshach J. Aziakpono, Melvin M. Khomo

Working Paper

What price level data tells us about consumer price rigidity in Zimbabwe: Evidence from...

Sometimes countries adopt new currencies which are not their own as...

Neil Rankin, Mike Nyawo

Policy Brief

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

Regionalization versus Internationalization of African Stock Markets: A frequency-time ...

This paper examines regional and global co-movemnt of Africa’s stoc...

Gideon Boako, Paul Alagidede

Policy Brief

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

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

Why local context matters: de jure and de facto property rights in colonial South Africa

For economic transactions, including debt transactions, to occur in...

Johan Fourie, Christie Swanepoel

Working Paper

The Determinants of Exchange Rate Volatility in South Africa

This paper investigates the determinants of exchange rate volatilit...

Trust R. Mpofu

Policy Brief

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

Foreign Firm Ownership and Productivity Spillovers in the Southern African Development ...

The study uses firm level data from the World Bank Enterprise Surve...

John P. Dunne, Nicholas Masiyandima

Working Paper

Inflation in South Africa: An Assessment of Alternative Inflation Models

We consider the relative empirical performance of a range of inflat...

Johannes W. Fedderke, Yang Liu

Working Paper

Emerging multinational corporations: A prominent player in the global economy

As emerging market multinational corporations (EMNCs) tend to remar...

André C. Jordaan, Mustafa Sakr

Policy Brief

Estimating a Phillips Curve for South Africa: A Bounded Random Walk Approach

In this paper we estimate a Phillips curve for South Africa using a...

Modeste Some, Eric Schaling, Alain Kabundi

Working Paper

An analysis of the accuracy of South Africa's inflation figures since 1922

This paper assesses the accuracy of South African inflation data si...

Jannie Rossouw

Working Paper