In this paper we analyze disinflation policy when a central bank has imperfect information about private sector inflation expectations but learns about them from economic outcomes, which are in part the result of the disinflation policy itself. The form of uncertainty is manifested as...

How do you estimate poverty, inequality and earnings when the income variable consists of a combination of point-identified, interval-identified, and missing observations? This paper proposes a unifying theoretical approach to the problem of deriving point estimates when such data are present....

This paper evaluates the impact of credit availability on communal and commercial sector maize output in Zimbabwe. This is important given the increased use of concessionary credit for agriculture as a policy strategy to increase agricultural output and food security, in response to the...

In South Africa, marriage rates among white women aged 20 to 34 are at least twice as high as marriage rates among African women in the same age cohort. This paper compares the relationship between alternative definitions of sex ratios and marriage outcomes among African and white women using...

The Unbiased Forward Rate Hypothesis (UFRH) stipulates that the forward rates should be a perfect predictor for the future spot rates. A number of studies have tested the UFRH and foreign market efficiency and concluded that the hypothesis does not hold. This phenomenon is known as the UFRH...

In this paper, we investigate female part-time employment in South Africa. Using household survey data for South Africa from 1995 to 2004, we show that women are over-represented in part-time employment, and that the growth in part-time work has been an important feature of the feminisation of...

Of all the developing countries that participated in the Global Entrepreneurship Monitor survey, South Africa was ranked the lowest, in terms of entrepreneurial activity. It is clear that South Africa is not producing a sufficiently entrepreneurial economy and this needs to be addressed so as to...

This paper uses relatively recent time series techniques on data spanning over different pricing regimes to estimate the aggregate agricultural supply response to price and non-price factors in Zimbabwe. The ARDL approach to cointegration employed here gives consistent estimates of supply...

This paper investigates ways in which an efficiency model like ‘DEA Window analysis’ can be utilised, under strictly defined conditions, to assess the level of efficiency of automatic fiscal stabilisers (AFS). The size of AFS is obtained through gaps in both revenue and expenditures...

South Africa is in the grip of an electricity crisis marked by a euphemism known as “load sheddingâ€. The demand for electricity has grown to the point that the supply reserve margin is often under threat, necessitating the electricity supplier to cut supply to some areas for various...