Narrow search
Showing 1 - 10 of 74
Cover Image
The emergence of "fifty-fifty" probability judgements in a conditional Savage world
Zimper, Alexander - Economic Research Southern Africa (ERSA) - 2012
non-additive Savage framework. To this purpose I construct a model of Bayesian learning such that an agentÂ’s probability … is non-additive, the agentÂ’s probability judgements converge through Bayesian learning to the unique fuzzy probability …
Persistent link: https://www.econbiz.de/10010552113
Cover Image
Why Speed Doesn’t Kill: Learning to Believe in Disinflation
Schaling, Eric; Hoeberichts, Marco - Economic Research Southern Africa (ERSA) - 2010
Central bankers generally prefer to reduce inflation gradually. We show that a central bank may try to convince the private sector of its commitment to price stability by choosing to reduce inflation quickly. We call this "teaching by doing". We find that allowing for teaching by doing effects...
Persistent link: https://www.econbiz.de/10008562409
Cover Image
Managing Disinflation under Uncertainty
Tesfaselassie, Mewael F.; Schaling, Eric - Economic Research Southern Africa (ERSA) - 2009
output gap. This differs from other studies on learning and control in a monetary policy context (e.g. Ellison (2006) and … central bank's optimal disinflation strategy under active learning (DOP) and compare it with two limiting cases - certainty … equivalence policy (CEP), or passive learning, and a Brainard-style cautionary monetary policy (CP). It turns out that under the …
Persistent link: https://www.econbiz.de/10008563334
Cover Image
Exploring Unbalanced Growth in South Africa: Understanding the Sectoral Structure of the South African Economy
Fedderke, Johannes W. - Economic Research Southern Africa (ERSA) - 2014
This paper explores the reasons for the unbalanced growth structure of South Africa. While a number of emerging markets show a high proportion of value added and employment being generated by the service sector, South Africa is one of very few such economies that also show a strong decline in...
Persistent link: https://www.econbiz.de/10010940468
Cover Image
An Economic Model of the Apartheid State
Lowenberg, Anton D. - Economic Research Southern Africa (ERSA) - 2014
Rather than a rigid racial ideology, it is argued that South African apartheid was a pragmatic response of a white oligarchy to changing economic and political constraints. Consequently, the degree to which apartheid principles were applied and enforced by the South African state varied over...
Persistent link: https://www.econbiz.de/10010929135
Cover Image
The wealth of the Cape Colony: Measurements from probate inventories
Fourie, Johan - Economic Research Southern Africa (ERSA) - 2012
The stylized view of the Dutch Cape Colony (1652-1795) is of a poor, subsistence economy, with little progress in the first 143 years of Dutch rule. New evidence from probate inventory and auction roll records show that previous estimates about wealth at the Cape are inaccurate. In contrast to...
Persistent link: https://www.econbiz.de/10010535393
Cover Image
The Economics of Information Technology in Public Sector Health Facilities in Developing Countries: The Case of South Africa
Cline, Gregory B.; Luiz, John M. - Economic Research Southern Africa (ERSA) - 2011
The public healthcare sector in developing countries face many challenges, including weak healthcare systems and under resourced facilities that deliver poor outcomes relative to total healthcare expenditure. Healthcare delivery, access to healthcare and cost containment has the potential for...
Persistent link: https://www.econbiz.de/10009319023
Cover Image
Talking to the inattentive public: How the media translates the Reserve Bank’s communications
Reid, Monique; Plessis, Stan Du - Economic Research Southern Africa (ERSA) - 2011
Central bank communication is widely recognised as crucial to the implementation of monetary policy. This communication should enhance a central bank’s management of the inflation expectations of the financial markets as well as the general public — the latter being a part of the...
Persistent link: https://www.econbiz.de/10009369289
Cover Image
Estimating the inflation threshold for South Africa
Leshoro, Temitope L.A. - Economic Research Southern Africa (ERSA) - 2012
How detrimental is inflation to growth in South Africa? At what level? Motivated by the adoption of inflation targeting by many countries, this paper sets out to empirically determine the threshold level of inflation in South Africa. This study adopts quarterly time series data spanning over the...
Persistent link: https://www.econbiz.de/10010549210
Cover Image
Poverty and headship in post-apartheid South Africa, 1997-2008
Rogan, Michael - Economic Research Southern Africa (ERSA) - 2012
In this paper, I investigate the characteristics and poverty status of female- and male-headed households in South Africa using nationally representative household survey data from the October Household Surveys (1997 and 1999) and the General Household Surveys (2004 and 2008). These years...
Persistent link: https://www.econbiz.de/10010550938