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Analysing the Effects of Fiscal Policy Shocks in the South African Economy

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  • Charl Jooste
  • Guangling Dave Liu
  • Ruthira Naraidoo

Abstract

This paper is the first one to analyse the effect of aggregate government spending and taxes on output for South Africa using three types of a calibrated DSGE model and more data driven models such as a structural vector error correction model (SVECM) and a time-varying parameter VAR (TVP-VAR) to capture possible asymmetries and time […]

Suggested Citation

  • Charl Jooste & Guangling Dave Liu & Ruthira Naraidoo, 2013. "Analysing the Effects of Fiscal Policy Shocks in the South African Economy," Working Papers 351, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:351
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    More about this item

    Keywords

    fiscal policy; Government spending; Time Series Analysis;
    All these keywords.

    JEL classification:

    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household

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