Keyword: Other Macroeconomic Variables

Why SA isn’t getting the growth it needs
The Covid Project — a research project to assess SA’s economic pros...
Claire Bisseker
Business Live
The bond market impact of the South African Reserve Bank bond purchase programme
We use a unique dataset comprising over a million trades and quotes...
Roy Havemann, Rossouw van Jaarsveld, Henk Janse van Vuuren, Daan Steenkamp
Working Paper
Equivalence scales with endogeneity and base independence
This study estimates food budget share equations to calculate house...
Steven F. Koch
Working Paper
Measuring and testing a modified version of the South African financial cycle
This study reports on measuring and testing of a Composite Financia...
Paul F. Muzindutsi, Malibongwe C. Nyati, Christian K. Tipoy
Working Paper
Dr Matthew Stern on understanding South Africa’s trade policy and performance
An issue often overlooked in many discussions is that of exports an...
Margaux Giannaros, Matthew Stern
Podcast
Part 3: International perspectives and South Africa’s trade policy
The discussion is based on two papers: and Understanding South Afr...
Sherman Robinson, Montford Mlachila, Matthew Simmonds, Marianne Matthee, Matthew Stern
Dialogue
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...
Margaux Giannaros, 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
‘Learning to export’ and ‘learning to innovate’: Revisiting the relationship between in...
This paper examines the relationship between innovation and export ...
Fiona Tregenna, Elvis K. Avenyo, Kwanele Ngwadleka
Working Paper
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...
Margaux Giannaros, Rossouw van Jaarsveld
Podcast
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-Ntsoko, Ekaterina Pirozhkova
Policy 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...
Margaux Giannaros, Daan Steenkamp
Podcast
Isaah Mhlanga on SA’s Budget Speech: adopting a business-friendly approach
After the challenges raised by Covid-19 and the increasing risks co...
Margaux Giannaros, Isaah Mhlanga
Podcast
The effectiveness of counter-cyclical loan-to-value regulations: generic versus sector-...
This paper considers the implication of the counter-cyclical loan-t...
Guangling Liu
Working Paper
Social distancing in macroeconomic models
The paper introduces voluntary social distancing to the canonical e...
Yoseph Y. Getachew
Working Paper
Transhumant Pastoralism, Climate Change and Conflict in Africa
We consider the effects of climate change on seasonally migrant pop...
Nathan Nunn, Eoin F. McGuirk
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 Daan Steenkamp on nowcasting: how economists benefit from machine learning and big data
With the unprecedented level of uncertainty in the economy, the abi...
Margaux Giannaros, Daan Steenkamp
Podcast
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...
Margaux Giannaros, Christopher Loewald
Podcast
The impact of AGOA on export flows from sub-Saharan Africa: A dynamic system GMM analysis
This study seeks to understand the relationship between the United ...
Paul Alagidede, Oro Ufuo
Working Paper
Policy Bulletin 02: Reflections on Aspects of Public Finance and Fiscal Policy in South...
After the COVID-19 crisis is over, South Africa will face a fiscal ...
Estian Calitz
Policy Bulletin
Examining the determinants of electricity demand by South African households per income...
For the period 1975 – 2016, this paper examines the determina...
Roula Inglesi-Lotz, Jessika A. Bohlmann
Working Paper
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 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
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
Policy Bulletin 03: Macroeconomic policy options for a savings constrained economy: the...
Economic growth requires delivering a credible fiscal consolidation...
David Faulkner, Christopher Loewald, Konstantin Makrelov
Policy Bulletin
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...
Margaux Giannaros, 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...
Margaux Giannaros, Johannes W. Fedderke
Podcast
Nicola Viegi on the South African economic response to the Coronavirus: policies and pr...
Nicola Viegi, Deputy Director of ERSA, talks with Margaux G on the ...
Margaux Giannaros, Nicola Viegi
Podcast
Fiscal Rules and the Compliance debate: Why do Countries adopt Rules and fail to comply?
We study the compliance with fiscal rules via various national nume...
Martin W. Nandelenga, Mark J. Ellyne
Working Paper
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
Inequality in South Africa: what does a composite index of wellbeing reveal?
Policymakers need better information regarding wellbeing inequality...
Talita Dalton-Greyling, Stephanié Rossouw
Working Paper
The effectiveness of counter-cyclical loan-to-value regulations: generic versus sector-...
This paper considers the implications of the counter-cyclical loan-...
Thabang Molisey, Guangling Liu
Working Paper
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
Productivity estimates for South Africa from CES production functions
This paper provides estimates of the elasticity of substitution and...
Daan Steenkamp
Working Paper