Hlatshwayo, Sandile; Saxegaard, Magnus - 2016
. While exports still rise in response to REER depreciations, the REER-export elasticity is below historical estimates. The …-side constraints, can improve our understanding of export performance. We find that increased policy uncertainty diminishes the … responsiveness of exports to the REER and has short and long-run level effects on export performance. Finally, we show that a measure …