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6 UNU-WIDER articles, publications, projects, experts...

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Fiscal multipliers
Working Paper
State-dependent fiscal multipliers and financial dynamics: An impulse response analysis by local projections for South Africa

The aim of this paper is to assess South Africa’s fiscal multiplier across different states of the economy, with a focus on the financial accelerator mechanism of fiscal policy shocks, by estimating impulse response functions from both linear a...

Fiscal multipliers impulse response State-dependent
Policy Brief
Fiscal multipliers and debt dynamics using a DSGE approach

Much of the research on the impact of fiscal policy shocks on macroeconomic outcomes (e.g., fiscal multipliers) uses reduced-form modelling approaches such as vector auto-regressions to obtain empirical results...

Dynamic stochastic general equilibrium model Fiscal multipliers Fiscal policy
Policy Brief
Policy implications of empirically estimated fiscal multipliers for South Africa

Despite the frequent use of fiscal policy for stabilization purposes, there remains significant uncertainty regarding the impact of fiscal policy decisions on macroeconomic outcomes. This impact is quantified by calculating fiscal multipliers...

Fiscal multipliers Fiscal policy State-dependent
Working Paper
A medium-sized, open-economy, fiscal DSGE model of South Africa

Much of the research on fiscal multipliers has used reduced form modelling approaches...

Dynamic stochastic general equilibrium model Fiscal policy Fiscal multipliers
Working Paper
Empirical estimates of fiscal multipliers for South Africa

Despite the frequent use of fiscal policy for stabilization purposes and the important role fiscal activism has played over the last decade, the size of budgetary multipliers (i.e...

Fiscal multipliers Fiscal policy State-dependent
Working Paper
Fiscal multipliers in South Africa: The importance of financial sector dynamics

We analyse implications of financial sector dynamics for fiscal expenditure multipliers in recessionary conditions...

Financial dynamics Fiscal multipliers
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