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The Impact of Oil Shocks on the South African Economy
Chisadza, Carolyn; Dlamini, Janneke; Gupta, Rangan; … - Department of Economics, Faculty of Economic and … - 2013
supply shock has a short-lived significant impact only on the inflation rate, while the impact on the other variables is … statistically insignificant. Supply disruptions results in a short-term increase in the domestic inflation rate with no reaction … the real exchange rate. The effect is statistically insignificant for the inflation rate as well as the monetary policy …
Persistent link: https://www.econbiz.de/10010616553
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Currency Substitution and Financial Repression
Gupta, Rangan - Economic Research Southern Africa (ERSA) - 2008
In this paper, we use a general equilibrium overlapping generations monetary endogenous growth model of a small open economy, to analyze whether financial repression, measured via the “high†mandatory reserve-deposit requirements of financial intermediaries, is an optimal response of a...
Persistent link: https://www.econbiz.de/10008563266
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Tax evasion and financial repression: A reconsideration using endogenous growth models
Gupta, Rangan; Ziramba, Emmanuel - Economic Research Southern Africa (ERSA) - 2008
Using two dynamic monetary general equilibrium models characterized by endogenous growth, financial repression and endogenously determined tax evasion, we analyze whether financial repression can be explained by tax evasion. When calibrated to four Southern European economies, we show that...
Persistent link: https://www.econbiz.de/10008563316
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Openness, Bureaucratic Corruption and Public Policy in an Endogenous Growth Model
Gupta, Rangan; Ziramba, Emmanuel - Department of Economics, Faculty of Economic and … - 2008
In this paper, we develop a dynamic general equilibrium overlapping generations monetary endogenous growth model of a financially repressed small open economy characterized by bureaucratic corruption, and, in turn, analyze optimal policy decisions of the government following an increase in the...
Persistent link: https://www.econbiz.de/10005773166
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Tax Evasion and Financial Repression: A Reconsideration Using Endogenous Growth Models
Gupta, Rangan; Ziramba, Emmanuel - Department of Economics, Faculty of Economic and … - 2008
Using two dynamic monetary general equilibrium models characterized by endogenous growth, financial repression and endogenously determined tax evasion, we analyze whether financial repression can be explained by tax evasion. When calibrated to four Souther European economies, we show that higher...
Persistent link: https://www.econbiz.de/10005773211
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Currency Substitution and Financial Repression
Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2008
In this paper, we use a general equilibrium overlapping generations monetary endogenous growth model of a small open economy, to analyze whether financial repression, measured via the "high" mandatory reserve-deposit requirements of financial intermediaries, is an optimal response of a...
Persistent link: https://www.econbiz.de/10005710043
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Temporal Causality between Budget Deficit and Interest Rate: The Case of South Africa
Uwilingiye, Josine; Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2007
This paper investigates the direction of temporal causality between budget deficit and interest rate in South Africa using quarterly data for the period of 1961:02 to 2005:04, and also for annual data covering 1961 to 2005. Based on a multivariate Vector Error Correction Model (VECM), estimated...
Persistent link: https://www.econbiz.de/10005773170
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Temporal Causality between Taxes and Public Expenditures: The Case of South Africa
Ndahiriwe, Kasai; Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2007
This paper investigates the direction of causal relationship between taxes and expenditure in South Africa, using …, since Granger causality tests in a Vector Error Correction framework suggests bi-directional causality between taxes and … of Granger causality between taxes and expenditure. The apparent ambiguity is indication of the fact that causality …
Persistent link: https://www.econbiz.de/10005773175
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Some benefits of reducing inflation in South Africa
Gupta, Rangan; Uwilingiye, Josine - In: International business and economics research journal 9 (2010) 9, pp. 109-122
Persistent link: https://www.econbiz.de/10009307735
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Macroeconomic uncertainty, growth and inflation in the Eurozone : a causal approach
Plakandaras, Vasilios; Gupta, Rangan; Gkonkas, Periklēs; … - In: Applied economics letters 25 (2018) 14, pp. 1029-1033
Persistent link: https://www.econbiz.de/10012131682