Narrow search
Showing 1 - 10 of 700
Cover Image
Estimating the implicit inflation target of the South African reserve bank
Klein, Nir - 2012
This paper applies a state-space approach to estimate the implicit inflation target of the South African Reserve Bank … (SARB) since the adoption of the Inflation Targeting (IT) framework. The paper's findings are two. First, although the … official inflation target range is 3.6 percent, in practice, the SARB seems to have aimed for the upper segment of the band (41 …
Persistent link: https://www.econbiz.de/10009621000
Cover Image
Household Consumption Volatility and Poverty Risk : Case Studies from South Africa and Tanzania
Bellon, Matthieu - 2020
Economic volatility remains a fact of life in Sub Saharan Africa (SSA). Household-level shocks create large consumption fluctuations, raising the incidence of poverty. Drawing on micro-level data from South Africa and Tanzania, we examine the vulnerability to shocks across household types (e.g....
Persistent link: https://www.econbiz.de/10014407884
Cover Image
Why Isn't South Africa Growing Faster? A Comparative Approach
Eyraud, Luc - 2009
The purpose of this paper is to examine factors that have constrained South Africa's growth since the end of apartheid by comparing its GDP components and its saving and investment performance with those of 10 faster-growing countries. The study finds that sluggish investment has undermined...
Persistent link: https://www.econbiz.de/10012677704
Cover Image
The Derivatives Market in South Africa
Adelegan, Olatundun Janet - 2009
This paper examines the role of the derivatives market in South Africa and provides policy options for promoting the development of derivatives markets in sub-Saharan Africa. South Africa's derivatives market has grown rapidly in recent years, supporting capital inflows and helping market...
Persistent link: https://www.econbiz.de/10012677864
Cover Image
Commodity Prices and Exchange Rate Volatility : Lessons from South Africa's Capital Account Liberalization
Dumitrescu, Elena - 2012
We examine the relationship between South African Rand and gold price volatility using monthly data for the period 1980-2010. Our main findings is that prior to capital account liberalization the causality runs from South African Rand to gold price volatility but the causality runs the other way...
Persistent link: https://www.econbiz.de/10012690174
Cover Image
Primary Surplus Behavior and Risks to Fiscal Sustainability in Emerging Market Countries : A "Fan-Chart" Approach
Debrun, Xavier - 2006
Intro -- Contents -- I. INTRODUCTION -- II. DEBT SUSTAINABILITY ANALYSIS AND RISK -- III. DEBT DYNAMICS AND THE CONDUCT OF FISCAL POLICY -- IV. RISKS TO DEBT SUSTAINABILITY IN FIVE EMERGING MARKET ECONOMIES -- V. CONCLUSION -- Appendix -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691046
Cover Image
Does Inflation Slow Long-Run Growth in India?
Mohaddes, Kamiar; Raissi, Mehdi - International Monetary Fund (IMF) - 2014
This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …
Persistent link: https://www.econbiz.de/10011142122
Cover Image
The Sources of Business Cycles in a Low Income Country
Houssa, Romain; Mohimont, Jolan; Otrok, Christopher - International Monetary Fund (IMF) - 2015
We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study the impact of exogenous shocks including productivity, credit supply, and commodity price shocks. We identify the shocks with a combination of sign and recursive restrictions...
Persistent link: https://www.econbiz.de/10011242180
Cover Image
Inward and Outward Spillovers in the SACU Area
Kriljenko, Jorge Iván Canales; Gwenhamo, Farayi; … - International Monetary Fund (IMF) - 2013
Spillovers from South Africa into the other members of the Souther Africa Customs Union (known as the BLNS for Botstwana, Lesotho, Namibia, and Swaziland) are substantial reflecting sizeable real and financial interlinkages. However, shocks to real GDP growth in South Africa do not seem to...
Persistent link: https://www.econbiz.de/10011142106
Cover Image
Safe Debt and Uncertainty in Emerging Markets: An Application to South Africa
Saxegaard, Magnus - International Monetary Fund (IMF) - 2014
This paper develops a methodology for estimating a safe public debt level that would allow countries to remain below a maximum sustainable debt limit, taking into account the impact of uncertainty. Our analysis implies that fiscal policy should target a debt level well below the debt ceiling to...
Persistent link: https://www.econbiz.de/10011142180