Purpose – This paper aims to examine the effects of fiscal policy associated with increases in government expenditures, tax revenue and budget deficit on the South African economy. Design/methodology/approach – Structural VARs based on the Blanchard-Quard decomposition identification scheme...

Purpose – The purpose of this paper is to investigate how the South African Reserve Bank (SARB) sets monetary policy rate. Design/methodology/approach – Given the controversial debate on whether central banks should target asset prices for economic stability, the authors analyse whether the...

Presents a conceptual framework for measuring the impact of uncertainty on investment decisions in a developing country; this framework is applied to post-war investment in mining and manufacturing in South Africa.

Purpose – This paper aims to develops an estimable hybrid model that combines the micro-founded DSGE model with the flexibility of the atheoretical VAR model. Design/methodology/approach – The model is estimated via the maximum likelihood technique based on quarterly data on real gross...

Purpose – This paper aims to develops an estimable hybrid model that combines the micro‐founded DSGE model with the flexibility of the atheoretical VAR model. Design/methodology/approach – The model is estimated via the maximum likelihood technique based on quarterly data on real gross...

Purpose – This paper aims to examine the effects of fiscal policy associated with increases in government expenditures, tax revenue and budget deficit on the South African economy. Design/methodology/approach – Structural VARs based on the Blanchard‐Quard decomposition identification...

Purpose – The purpose of this paper is to investigate how the South African Reserve Bank (SARB) sets monetary policy rate. Design/methodology/approach – Given the controversial debate on whether central banks should target asset prices for economic stability, the authors analyse whether the...

Presents a conceptual framework for measuring the impact of uncertainty on investment decisions in a developing country; this framework is applied to post‐war investment in mining and manufacturing in South Africa.

Purpose The purpose of this paper is to uncover the channels through which real exchange rate undervaluation influences the performance of the South African economy. Design/methodology/approach The author decomposes the South African economy into three sectors: agriculture, industry, and...

Purpose The purpose of this paper is to examine the empirical effect of competition on cost and profit efficiency in the South African non-life insurance market in a three-stage analysis. Design/methodology/approach Using annual firm level data on 80 non-life insurance companies from 2007 to...