Plessis, Stan du; Smit, Ben; Sturzenegger, Federico - Department of Economics, Fakulteit Ekonomiese en … - 2007
This paper uses an SVAR approach to discuss the cyclicality of fiscal and monetary policy in South Africa since 1994 … growing consensus that monetary policy has contributed to the remarkable stabilisation of the South African economy over this … and the size of fiscal elasticities. The model confirms the consensus on monetary policy, finding it to have been largely …