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Stock and flow
Working Paper
The impact of a higher leverage ratio on the South African economy

We employ a micro-founded and stock-and-flow-consistent model to study the impact of a higher leverage ratio on the South African economy. The model provides a rich representation of institutional balance sheets...

Computable general equilibrium Financial dynamics Leverage ratio
Working Paper
Stock-and-flow-consistent macroeconomic model for South Africa

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...

Stock and flow Macroeconomics Computable general equilibrium
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