Publications

by members of

Economic Research Southern Africa (ERSA)
Cape Town, South Africa

Working papers

2009

1. Obinyeluaku, Moses & Viegi, Nicola, 2009. "How does fiscal policy affect monetary policy in the Southern African Community (SADC)?," MPRA Paper 15372, University Library of Munich, Germany. [Downloadable!]
2. Steven F. Koch, 2009. "Equity in Private Health Insurance Coverage in South Africa: 2002-2007," Working Papers 200916, University of Pretoria, Department of Economics. [Downloadable!]
3. Steven F. Koch & Adel Bosch, 2009. "Inflation and the Household: Towards a Measurement of the Welfare Costs of Inflation," Working Papers 200917, University of Pretoria, Department of Economics. [Downloadable!]
4. Mewael F. Tesfaselassie & Eric Schaling, 2009. "On Determinacy and Learnability in a New Keynesian Model with Unemployment," Kiel Working Papers 1506, Kiel Institute for the World Economy. [Downloadable!]

2008

1. Philippe Aghion & Johannes Fedderke & Peter Howitt & Chandana Kularatne & Nicola Viegi, 2008. "Testing Creative Destruction in an Opening Economy : the Case of the South African Manufacturing Inudstries," Documents de Travail de l'OFCE 2008-23, Observatoire Francais des Conjonctures Economiques (OFCE). [Downloadable!]
2. Maria Demertzis & Massimiliano Marcellino & Nicola Viegi, 2008. "A Measure for Credibility: Tracking US Monetary Developments," DNB Working Papers 187, Netherlands Central Bank, Research Department. [Downloadable!]
3. Maria Demertzis & Massimiliano Marcellino & Nicola Viegi, 2008. "A Measure for Credibility: Tracking US Monetary Developments," Economics Working Papers ECO2008/38, European University Institute. [Downloadable!]
4. Demertzis, Maria & Marcellino, Massimiliano & Viegi, Nicola, 2008. "A Measure for Credibility: Tracking US Monetary Developments," CEPR Discussion Papers 7036, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
5. U. Michael Bergman & Shakill Hassan, 2008. "Currency Crises and Monetary Policy in an Economy with Credit Constraints: The No Interest Parity Case," EPRU Working Paper Series 08-01, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics. [Downloadable!]
6. Olufunke A. Alaba & Steven F. Koch, 2008. "Health Insurance or Food for the Family? An Examination into Unintended Consequences," Working Papers 200824, University of Pretoria, Department of Economics. [Downloadable!]
7. Steven F. Koch & S. Ssekabira Ntege, 2008. "Returns To Schooling: Skills Accumulation Or Information Revelation?," Working Papers 200812, University of Pretoria, Department of Economics. [Downloadable!]
8. Steven F. Koch & Gauthier Tshiswaka-Kashalala, 2008. "Tobacco Substitution and the Poor," Working Papers 200832, University of Pretoria, Department of Economics. [Downloadable!]
9. Sudhanshu Handa & Steven F. Koch & Shu Wen Ng, 2008. "Child Mortality in Eastern and Southern Africa," Working Papers 200835, University of Pretoria, Department of Economics. [Downloadable!]
10. Olufunke A. Alaba & Steven F. Koch, 2008. "Dynamic Health Care Decisions And Child Health In South Africa," Working Papers 200834, University of Pretoria, Department of Economics.
11. Liu, G. & Gupta, R. & Schaling, E., 2008. "Forecasting the South African Economy: A DSGE-VAR Approach," Discussion Paper 2008-32, Tilburg University, Center for Economic Research. [Downloadable!]
12. Mewael F. Tesfaselassie & Eric Schaling, 2008. "Managing Disinflation under Uncertainty," Kiel Working Papers 1429, Kiel Institute for the World Economy. [Downloadable!]
13. Guangling (Dave) Liu & Rangan Gupta & Eric Schaling, 2008. "A New-Keynesian DSGE Model for Forecasting the South African Economy," Working Papers 200805, University of Pretoria, Department of Economics.

2007

1. Maria Demertzis & Nicola Viegi, 2007. "Inflation Targeting - a Framework for Communication," DNB Working Papers 149, Netherlands Central Bank, Research Department. [Downloadable!]
2. Marc Ground & Steven F. Koch, 2007. "Hurdle Models of Alcohol and Tobacco Expenditure in South African Households," Working Papers 200703, University of Pretoria, Department of Economics.
3. Huizinga, Harry & Schaling, Eric & van der Windt, Peter C, 2007. "Capital Controls and Foreign Investor Subsidies Implicit in South Africa's Dual Exchange Rate System," CEPR Discussion Papers 6347, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
4. Windt, P.C. van der & Schaling, E. & Huizinga, H.P., 2007. "Capital Controls and Foreign Investor Subsidies Implicit in South Africa's Dual Exchange Rate System," Discussion Paper 2007-91, Tilburg University, Center for Economic Research. [Downloadable!]
5. Guangling (Dave) Liu & Rangan Gupta & Eric Schaling, 2007. "Forecasting the South African Economy: A DSGE-VAR Approach," Working Papers 200724, University of Pretoria, Department of Economics.

2006

1. Maria Demertzis & Nicola Viegi, 2006. "Aiming for the Bull's Eye: Uncertainty and Inertia in Monetary Policy," Computing in Economics and Finance 2006 150, Society for Computational Economics.
2. Steven F. Koch & Marc Ground & Dylan van Wyk, 2006. "South African Household Expenditure Patterns: Alcohol Products in 1995 and 2000," Working Papers 200615, University of Pretoria, Department of Economics.
3. Steven F. Koch, 2006. "Trends in South African Household Alcohol Consumption Risk Factors," Working Papers 200619, University of Pretoria, Department of Economics.
4. James B. Bullard & Eric Schaling, 2006. "Monetary policy, determinacy, and learnability in a two-block world economy," Working Papers 2006-038, Federal Reserve Bank of St. Louis. [Downloadable!]
5. James Bullard & Eric Schaling, 2006. "Monetary policy, determinacy, and learnability in the open economy," Working Paper Series 611, European Central Bank. [Downloadable!]
6. Eijffinger, Sylvester C W & Schaling, Eric & Tesfaselassie, Mewael F., 2006. "Learning About the Term Structure and Optimal Rules for Inflation Targeting," CEPR Discussion Papers 5896, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
7. Tesfaselassie, Mewael F. & Schaling, Eric & Eijffinger, Sylvester, 2006. "Learning about the term structure and optimal rules for inflation targeting," Discussion Paper 88, Tilburg University, Center for Economic Research. [Downloadable!]
8. Eric Schaling & Marco Hoeberichts, 2006. "Exchange Rate Regimes, Determinacy, and Learnability in a Two-Block World Economy," Computing in Economics and Finance 2006 120, Society for Computational Economics.
9. Tesfaselassie, M.F. & Schaling, E. & Eijffinger, S.C.W., 2006. "Learning About the Term Structure and Optimal Rules for Inflation Targeting," Research Paper ERS-2006-058-F&A Revision, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni. [Downloadable!]

2005

1. Maria Demertzis & Nicola Viegi, 2005. "Inflation Targets as Focal Points," Money Macro and Finance (MMF) Research Group Conference 2005 52, Money Macro and Finance Research Group. [Downloadable!]
2. Jacques Ngoie Kibambe & Steven F. Koch, 2005. "DEA Applied to a Gauteng Sample of South African Public Hospitals," Working Papers 200512, University of Pretoria, Department of Economics.
3. Steven F. Koch, 2005. "The Aid and Maid System: South African Data Pitfalls," Working Papers 200511, University of Pretoria, Department of Economics.
4. Michael A. Peet & Steven F. Koch, 2005. "Technical Barriers to Trade Faced by South African SMME'S," Working Papers 200517, University of Pretoria, Department of Economics.
5. Steven F. Koch, 2005. "Love and Addiction: The Importance of Commitment," Working Papers 200516, University of Pretoria, Department of Economics. [Downloadable!]
6. Eric Schaling & James Bullard, 2005. "Monetary Policy, Determinacy, and Learnability in the Open Economy," Computing in Economics and Finance 2005 362, Society for Computational Economics.
7. Bullard, James & Schaling, Eric, 2005. "Monetary policy, determinancy, and learnability in the open economy," Discussion Paper 116, Tilburg University, Center for Economic Research. [Downloadable!]
8. Schaling, Eric, 2005. "Capital controls, two-tiered exchange rate systems and exchange rate policy : the South African experience," Discussion Paper 110, Tilburg University, Center for Economic Research. [Downloadable!]

2004

1. Maria Demertzis & Nicola Viegi, 2004. "The Dynamic Properties of Inflation Targeting Under Uncertainty," DNB Staff Reports (discontinued) 113, Netherlands Central Bank. [Downloadable!]
2. Maria Demertzis & Nicola Viegi, 2004. "Inflation Targets as Focal Points," DNB Working Papers 017, Netherlands Central Bank, Research Department. [Downloadable!]
3. M. Demertzis & N. Viegi, 2004. "Aiming for the Bull's Eye: Inflation Targeting under Uncertainty," DNB Staff Reports (discontinued) 88, Netherlands Central Bank. [Downloadable!]
4. Eric Schaling, 2004. "Learning, inflation expectations and optimal monetary policy," Macroeconomics 0404035, EconWPA. [Downloadable!]
5. Mewael Tesfaselassie & Eric Schaling & Sylvester Eijffinger, 2004. "Heterogeneous Information about the Term Structure of Interest Rates, Least-Squares Learning and Optimal Interest Rate Rules for Inflation Forecast Targeting," Econometric Society 2004 North American Summer Meetings 78, Econometric Society. [Downloadable!]
6. Schaling , Eric & Eijffinger , Sylvester & Tesfaselassie , Mewael, 2004. "Heterogeneous information about the term structure, least-squares learning and optimal rules for inflation targeting," Research Discussion Papers 23/2004, Bank of Finland. [Downloadable!]
7. Eijffinger, Sylvester C W & Schaling, Eric & Tesfaselassie, Mewael F., 2004. "Heterogenous Information About the Term Structure of Interest Rates, Least-Squares Learning and Optimal Interest Rate Rules," CEPR Discussion Papers 4279, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
8. Eijffinger, S.C.W. & Tesfaselassie, M. & Schaling, E., 2004. "Heterogeneous information about the term structure of interest rates, least-squares learning and optimal interest rate rules for inflation forecast targeting," Discussion Paper 14, Tilburg University, Center for Economic Research. [Downloadable!]

2003

1. Schaling, Eric, 2003. "Learning, inflation expectations and optimal monetary policy," Research Discussion Papers 20/2003, Bank of Finland. [Downloadable!]
2. Schaling, E., 2003. "Learning, inflation reduction and optimal monetary policy," Discussion Paper 74, Tilburg University, Center for Economic Research. [Downloadable!]

2002

1. M. Demertzis & A. Hughes Hallett & N. Viegi, 2002. "An Independent Central Bank faced with Elected Government: A Political Economy Conflict," WO Research Memoranda (discontinued) 686, Netherlands Central Bank, Research Department.

2001

1. Hughes Hallett, Andrew & Viegi, Nicola, 2001. "Credibility, Transparency and Asymmetric Information in Monetary Policy," CEPR Discussion Papers 2671, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
2. Hughes Hallett, Andrew & Viegi, Nicola, 2001. "Labour Market Reform and Monetary Policy in EMU: Do Asymmetries Matter?," CEPR Discussion Papers 2979, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
3. M. Demertzis & N. Viegi, 2001. "Aiming for the Bull's Eye: Inflation Targeting under Uncertainty," WO Research Memoranda (discontinued) 671, Netherlands Central Bank, Research Department. [Downloadable!]
4. Eric Schaling, James Bullard, 2001. "New economy : new policy rules?," Computing in Economics and Finance 2001 53, Society for Computational Economics. [Downloadable!]

2000

1. James Bullard & Eric Schaling, 2000. "New economy - new policy rules?," Working Papers 2000-019, Federal Reserve Bank of St. Louis. [Downloadable!]
2. Eijffinger, Sylvester C W & Schaling, Eric & Verhagen, Willem, 2000. "The Term Structure of Interest Rates and Inflation Forecast Targeting," CEPR Discussion Papers 2375, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
3. Eijffinger, Sylvester C W & Hoeberichts, Marco & Schaling, Eric, 2000. "A Theory of Central Bank Accountability," CEPR Discussion Papers 2354, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
4. Bullard, J. & Schaling, E., 2000. "New economy : new policy rules?," Discussion Paper 72, Tilburg University, Center for Economic Research. [Downloadable!]

1999

1. Eijffinger, S. & Schaling, E. & Verhagen, W., 1999. "A theory of interest rate stepping: inflation targeting in a dynamic menu cost model," Discussion Paper 71, Tilburg University, Center for Economic Research. [Downloadable!]
2. Eijffinger, Sylvester C W & Schaling, Eric & Verhagen, Willem, 1999. "A Theory of Interest Rate Stepping: Inflation Targeting in a Dynamic Menu Cost Model," CEPR Discussion Papers 2168, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)

1998

1. Schaling, E., 1998. "The nonlinear Phillips curve and inflation forecast targetting : symmetric versus asymmetric monetary policy rules," Discussion Paper 136, Tilburg University, Center for Economic Research. [Downloadable!]
2. Eijffinger, S.C.W. & Hoeberichts, M. & Schaling, E., 1998. "A theory of Central Bank accountability," Discussion Paper 103, Tilburg University, Center for Economic Research. [Downloadable!]
3. Schaling, E. & Hoeberichts, M. & Eijffinger, S., 1998. "Incentive contracts for central bankers under uncertainty: Walsh-Svensson non-equivalence revisited," Discussion Paper 11, Tilburg University, Center for Economic Research. [Downloadable!]
4. Eijffinger, S. & Schaling, E. & Verhagen, W., 1998. "The term structure of interest rates and inflation forecast targeting," Discussion Paper 85, Tilburg University, Center for Economic Research. [Downloadable!]

1997

1. Eijffinger, S.C.W. & Hoeberichts, M. & Schaling, E., 1997. "Why money talks and wealth whispers : monetary uncertainty and mystique," Discussion Paper 47, Tilburg University, Center for Economic Research. [Downloadable!]

1995

1. Eijffinger, S. & Schaling, E., 1995. "Optimal Commitment in an Open Economy : Credibility vs. Flexibility," Discussion Paper 79, Tilburg University, Center for Economic Research. [Downloadable!]
2. Eijffinger, S. & Hoeberichts, M. & Schaling, E., 1995. "Optimal conservativeness in the Rogoff (1985) model : a graphical and closed-form solution," Discussion Paper 121, Tilburg University, Center for Economic Research. [Downloadable!]
3. Eijffinger, S. & Schaling, E., 1995. "The Ultimate Determinants of Central Bank Independence," Discussion Paper 5, Tilburg University, Center for Economic Research. [Downloadable!]

1994

1. Eijffinger, S. & van Rool, M. & Schaling, E., 1994. "Central Bank Independence: A Panel Data Approach," Papers 9493, Tilburg - Center for Economic Research.

1993

1. Schaling, E., 1993. "On the Economic Independence of the Central Bank and the Persistence of Inflation," Papers 9336, Tilburg - Center for Economic Research.

1992

1. Eijffinger, S. & Schaling, E., 1992. "Central Bank Independence : Searching for the Philosophers Stone," Papers 9251, Tilburg - Center for Economic Research.

Undated

1. Charles Nolan & Eric Schaling, . "Monetary Policy Uncertainty and Central Bank Accountability," Bank of England working papers 54, Bank of England.
2. Eric Schaling & Marco Hoeberichts & Sylvester Eijffinger, . "Incentive schemes for central bankers under uncertainty: inflation targets versus contracts," Bank of England working papers 88, Bank of England. [Downloadable!]
3. Eric Schaling, . "The non-linear Phillips curve and inflation forecast targeting," Bank of England working papers 98, Bank of England. [Downloadable!]
4. Sylvester Eijffinger & Eric Schaling, . "Optimal Commitment in an Open Economy: Credibility vs. Flexibility," Bank of England working papers 41, Bank of England.

Journal articles

2009

1. Guangling 'Dave' Liu & Rangan Gupta & Eric Schaling, 2009. "A New-Keynesian DSGE model for forecasting the South African economy," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 28(5), pages 387-404. [Downloadable!]

2008

1. Maria Demertzis & Nicola Viegi, 2008. "Inflation Targets as Focal Points," International Journal of Central Banking, International Journal of Central Banking, vol. 4(1), pages 55-87, March. [Downloadable!]
2. Marc Ground & Steven f Koch, 2008. "Hurdle Models Of Alcohol And Tobacco Expenditure In South African Households," South African Journal of Economics, Economic Society of South Africa, vol. 76(1), pages 132-143, 03. [Downloadable!] (restricted)

2007

1. Jacques ngoie Kibambe & Steven f. Koch, 2007. "Dea Applied To A Gauteng Sample Of Public Hospitals," South African Journal of Economics, Economic Society of South Africa, vol. 75(2), pages 351-368, 06. [Downloadable!] (restricted)

2006

1. Hassan, Shakill, 2006. "Optimal timing of defections from price-setting cartels in volatile markets," Economic Modelling, Elsevier, vol. 23(5), pages 792-804, September. [Downloadable!] (restricted)

2005

1. Steven F. Koch & Kerry Anne McGeary, 2005. "The Effect of Youth Alcohol Initiation on High School Completion," Economic Inquiry, Oxford University Press, vol. 43(4), pages 750-765, October. [Downloadable!] (restricted)
2. Steven F. Koch & Niek J. Schoeman & Jurie J. Tonder, 2005. "Economic Growth And The Structure Of Taxes In South Africa: 1960-2002," South African Journal of Economics, Economic Society of South Africa, vol. 73(2), pages 190-210, 06. [Downloadable!] (restricted)
3. J.W. Fedderke & E. Schaling, 2005. "Modelling Inflation In South Africa: A Multivariate Cointegration Analysis," South African Journal of Economics, Economic Society of South Africa, vol. 73(1), pages 79-92, 03. [Downloadable!] (restricted)

2004

1. Demertzis, Maria & Hughes Hallett, Andrew & Viegi, Nicola, 2004. "An independent central bank faced with elected governments," European Journal of Political Economy, Elsevier, vol. 20(4), pages 907-922, November. [Downloadable!] (restricted)
2. Schaling, Eric, 2004. "The Nonlinear Phillips Curve and Inflation Forecast Targeting: Symmetric versus Asymmetric Monetary Policy Rules," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(3), pages 361-86, June.

2003

1. Andrew Hughes Hallett & Nicola Viegi, 2003. "Imperfect transparency and the strategic use of information: an ever present temptation for central bankers?," Manchester School, University of Manchester, vol. 71(5), pages 498-520, 09. [Downloadable!] (restricted)
2. Eijffinger, Sylvester & Hoeberichts, Marco & Schaling, Eric, 2003. " Why Money Talks and Wealth Whispers: Monetary Uncertainty and Mystique: Reply," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 35(1), pages 137-39, February.

2002

1. Andrew Hallett & Nicola Viegi, 2002. "Inflation Targeting as a Coordination Device," Open Economies Review, Springer, vol. 13(4), pages 341-362, October. [Downloadable!] (restricted)
2. James B. Bullard & Eric Schaling, 2002. "Why the Fed should ignore the stock market," Review, Federal Reserve Bank of St. Louis, issue Mar., pages 35-42. [Downloadable!]

2001

1. Kenkel, Donald S & Koch, Steven F, 2001. "Deterrence and Knowledge of the Law: The Case of Drunk Driving," Applied Economics, Taylor and Francis Journals, vol. 33(7), pages 845-54, June. [Downloadable!] (restricted)
2. SF Koch & DC Ribar, 2001. "A Siblings Analysis Of The Effects Of Alcohol Consumption Onset On Educational Attainment," Contemporary Economic Policy, Western Economic Association International, vol. 19(2), pages 162-174, 04. [Downloadable!] (restricted)
3. James B. Bullard & Eric Schaling, 2001. "New economy-new policy rules," Review, Federal Reserve Bank of St. Louis, issue May, pages 57-66. [Downloadable!]
4. E Schaling & M Schussler, 2001. "Inflation Targeting: Note On Administrative Prices," South African Journal of Economics, Economic Society of South Africa, vol. 69(1), pages 185-189, 03. [Downloadable!] (restricted)

2000

1. Eijffinger, Sylvester & Hoeberichts, Marco & Schaling, Eric, 2000. " Optimal Central Bank Conservativeness in an Open Economy," Public Choice, Springer, vol. 105(3-4), pages 339-55, December. [Downloadable!] (restricted)
2. Eijffinger, Sylvester C W & Hoeberichts, Marco & Schaling, Eric, 2000. "Why Money Talks and Wealth Whispers: Monetary Uncertainty and Mystique," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(2), pages 218-35, May.

1999

1. Maria Demertzis & Andrew Hughes Hallett & Nicola Viegi, 1999. "Can the ECB be Truly Independent? Should It Be?," Empirica, Springer, vol. 26(3), pages 217-240, September. [Downloadable!] (restricted)

1998

1. Eijffinger, Sylvester & Schaling, Eric & Hoeberichts, Marco, 1998. "Central bank independence: A sensitivity analysis," European Journal of Political Economy, Elsevier, vol. 14(1), pages 73-88, February. [Downloadable!] (restricted)
2. John McDermott, 1998. "Eric Schaling, Institutions and monetary policy: Credibility, flexibility, and central bank independence," Public Choice, Springer, vol. 94(3), pages 429-433, March. [Downloadable!] (restricted)

1996

1. Eijffinger, Sylvester & van Rooij, Maarten & Schaling, Eric, 1996. " Central Bank Independence: A Paneldata Approach," Public Choice, Springer, vol. 89(1-2), pages 163-82, October.

This page was last updated on 2009-12-2.