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impulse response
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
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
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