South Africa: Macro Policy Mix and Its Effects on Growth and the Real Exchange Rate--Empirical Evidence and GIMF Simulations
Electronic Access:
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Summary:
This paper examines whether a mix of tighter fiscal policy, looser monetary policy, and greater reserve build-up would increase growth and depreciate the rand in real terms. The experience of South Africa over the last twenty years is looked at using a number of econometric techniques that control for the external environment.
Series:
Departmental Paper No. 2011/004
Subject:
Expenditure Financial services Foreign exchange Output gap Production Public debt Real exchange rates Real interest rates
English
Publication Date:
August 25, 2011
ISBN/ISSN:
9781475510157/2616-5333
Stock No:
SAMPEA
Pages:
36
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