South Africa: Macro Policy Mix and Its Effects on Growth and the Real Exchange Rate--Empirical Evidence and GIMF Simulations

Author/Editor: Canales Kriljenko, Jorge Iván
Publication Date: August 25, 2011
Electronic Access: Free Full text (PDF file size is 5,618KB).
Use the free Adobe Acrobat Reader to view this PDF file

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: African Departmental Paper No. 11/04
Subject(s): Economic growth | Economic models | Fiscal policy | Monetary policy | Real effective exchange rates | Reserves accumulation | South Africa

Publication Date: August 25, 2011
ISBN/ISSN: 978-1-61635-214-1 Format: A web quality merged PDF
Stock No: SAMPET
Please address any questions about this title to