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

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Structural VAR
Working Paper
The macroeconomic effect of fiscal policy in South Africa: A narrative analysis

This paper analyses the macroeconomic effect of legislated personal income tax changes in South Africa over the 1996–2019 period...

Personal income tax Structural VAR Instrumental variable
Working Paper
The impacts of public expenditure innovations on real exchange rate volatility in South Africa

This study investigates the impacts of public expenditure innovations on exchange rate volatility in South Africa using quarterly data for the period 1970–2019...

Public expenditure impulse response Exchange rate
Working Paper
Structural estimates of the South African sacrifice ratio

This paper estimates the output cost of fighting inflation—the sacrifice ratio—for the South African economy using quarterly data spanning the period 1998Q1–2019Q3...

Monetary policy Inflation targeting Output
Working Paper
Size matters: measuring the effects of inequality and growth shocks

Understanding the relationship between income inequality and economic growth is of utmost importance to economists and social scientists...

Inequality Growth Bayesian estimation
Working Paper
Pandemics and their impact on oil and metal prices

We examine the effect of pandemics on selected commodity prices—in particular, those of zinc, copper, lead, and oil...

Pandemic Commodities Prices
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
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
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