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A Revised Quarterly Projection Model for South Africa

Author

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  • Shaun de Jager
  • Michael Johnston
  • Rudi Steinbach

Abstract

This paper extends earlier work by De Jager (2007) to construct a semi-structural general equilibrium model for medium-term forecasting and causal policy analysis. It incorporates a traditional New Keynesian small open economy structure with a term structure of interest rates, an uncovered interest parity condition which is augmented by the terms of trade and current account, and a world block which describes the evolution of trade-weighted foreign composites.

Suggested Citation

  • Shaun de Jager & Michael Johnston & Rudi Steinbach, 2015. "A Revised Quarterly Projection Model for South Africa," Working Papers 6839, South African Reserve Bank.
    • Handle: RePEc:rbz:wpaper:6839
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    File URL: http://www.resbank.co.za/content/dam/sarb/publications/working-papers/2015/6839/WP1503.pdf
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    References listed on IDEAS

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    Cited by:

    1. South African Reserve Bank, 2017. "Occasional Bulletin of Economic Notes 2017/03," Working Papers 8057, South African Reserve Bank.
    2. Anton Grui & Artem Vdovychenko, 2019. "Quarterly Projection Model for Ukraine," Working Papers 03/2019, National Bank of Ukraine.
    3. Anton Grui, 2020. "Uncovered interest parity with foreign exchange interventions under exchange rate peg and inflation targeting: The case of Ukraine," IHEID Working Papers 14-2020, Economics Section, The Graduate Institute of International Studies.

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