We develop a stock-and-flow-consistent model for South Africa with four financial instruments and detailed balance … sheets for the household, government, financial, non-financial, and foreign sectors and the Reserve Bank. Though micro … and the real sector/financial sector interaction. In the model, cyclical flow changes affect the long-term real and …

We develop a stock-and-flow-consistent model for South Africa with four financial instruments and detailed balance … sheets for the household, government, financial, non-financial, and foreign sectors and the Reserve Bank. Though micro … and the real sector/financial sector interaction. In the model, cyclical flow changes affect the long-term real and …