This workshop is part of the capacity-building initiatives of the Macroeconomic modelling for policy formulation work stream. It will engage National Treasury Staff in a discussion about macroeconomic models and their application to South Africa. This is designed to develop further an important part of NT staff capabilities and their contribution to macroeconomic policy.
The programme builds on prior discussions of general macroeconomic models that were held on 4 April, 2018 in the "Reconstructing macroeconomics workshop". The broad aim for these discussions is to move beyond general models to a conception of macroeconomic modelling that accounts for South Africa’s special features. The conversation will focus on what should be included in a macroeconomic model to make it both useful and effective for policy analysis in South Africa.
Each topic will be introduced by a Presenter (approximately 20 minutes), discussion will be opened by a Discussant and followed by open discussion with participants.
|08:30||Welcome and Introduction||Rob Davies|
|08:45||Session: Review of issues in macromodelling||
Presenter: Jonathan Ferreira
|10:00||Session: Making both inequality and growth central to macroeconomics||Presenter: Michael Sachs|
|11:15||Session: Key features of the South African labour market||
Presenter: Sibusiso Gumbi / Discussant: Aalia Cassim
|13:30||Session: Key features of the South African financial system||
Presenter: Keagile Lesame / Discussant: Manqoba Ntshakala
|14:45||Session: Key features of the South African international macroeconomy||Presenter: Goodness Aye|
|16:00||Workshop summary: Implications for research and policy||Rob Davies|