Working Paper
Size matters: measuring the effects of inequality and growth shocks
Understanding the relationship between income inequality and economic growth is of utmost importance to economists and social scientists. In this paper we use a Bayesian structural vector autoregression approach to estimate the relationship between...
Policy Brief
Fiscal multipliers and debt dynamics using a DSGE approach
Much of the research on the impact of fiscal policy shocks on macroeconomic outcomes (e.g., fiscal multipliers) uses reduced-form modelling approaches such as vector auto-regressions to obtain empirical results. In a recent study1, we used this...
Working Paper
Time-varying fiscal multipliers for South Africa
A critical requirement for efficient fiscal policy is a reliable understanding of its impact on the aggregate economy for different policy instruments and under different economic conditions. Indeed, there is strong evidence to suggest that fiscal...
Working Paper
Why do women co-operate more in women’s groups?
We examine a public goods game in 83 communities in northern Liberia. Women contributed substantially more to a small-scale development project when playing with other women than in mixed-gender groups, where they contributed at about the same levels...
Working Paper
Incentives to labour migration and agricultural productivity
Understanding how internal labour migration affects the agricultural sector is important for all developing countries whose markets do not work well or are non-existent. In fact, even if the movement out of the agricultural sector can be viewed as a...
Working Paper
A medium-sized, open-economy, fiscal DSGE model of South Africa
Much of the research on fiscal multipliers has used reduced form modelling approaches. While these models have been extended to include richer controls and identification approaches, it remains unclear whether shocks identified capture the true...