Blog
Richard Kima
In 2024, central banks worldwide are confronted with the challenges of juggling inflation control , economic growth, and the preservation of financial stability. A new report from the United Nations Department of Economic and Social...
MAY 2024
Macro-fiscal analysis
Working paper
C. Friedrich Kreuser, Michael Kilumelume, and Rulof P. Burger
We estimate structural, materials, and labour markups for the South African economy at the three-digit industry level for 2012–19. The fall in structural labour and materials markups found for the numerical majority of industries are...
MAY 2024
Enterprise development
Working paper
Abhishek Kumar and Sushanta Mallick
Given the rise in the government debt level in recent times, this paper aims to examine the effect of an increase in government size on risk premium and its transmission in the economy. We jointly...
APRIL 2024
Macro-fiscal analysis
Blog
Katrien Smuts
In monetary policy communication, every word carries weight. Consider this scenario: the South African Reserve Bank (SARB) articulates its stance to anchor inflation expectations , yet this message undergoes subtle transformations when translated by the...
April 2024
Working paper
Jing Woei Chien, Lawrence Edwards and Ayanda Hlatshwayo
Using highly disaggregated customs-transaction-level data, we study the importer price effects of tariffs in the context of preferential trade agreements for South African imports of frozen bone-in chicken. We focus first on the firm-level impact...
March 2024
Enterprise development
Blog
Hylton Hollander and Roy Havemann
Over the past decade, the interest rate that South Africa pays on its debt has consistently been above the economic growth rate. Mathematically, this means that debt grows as a percent of GDP. It becomes...
March 2024
Macro-fiscal analysis
Policy dialogue
18 Mar 2024 / 14:00 to 16:00
Climate and energy
Join us for a policy debate in which leading experts and policymakers explore the future of South Africa's infrastructure in the context of climate change. This discussion will focus on the impact of climate change...