LEADER 05478nam 22006015 450 001 9910746299403321 005 20251009083531.0 010 $z9783031377549 010 $z3031377540 010 $a9783031377556$b(electronic bk.) 010 $a3031377559$b(electronic bk.) 024 7 $a10.1007/978-3-031-37755-6 035 $a(MiAaPQ)EBC30746914 035 $a(Au-PeEL)EBL30746914 035 $a(DE-He213)978-3-031-37755-6 035 $a(CKB)28267589800041 035 $a(EXLCZ)9928267589800041 100 $a20230916d2023 u| 0 101 0 $aeng 135 $aurcz#---auuuu 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aFiscal Policy Shocks and Macroeconomic Growth in South Africa $eMissing Links and Policy Gaps /$fby Eliphas Ndou, Nombulelo Gumata 205 $a1st ed. 2023. 210 1$aCham :$cSpringer Nature Switzerland :$cImprint: Palgrave Macmillan,$d2023. 215 $a1 online resource (271 pages) 311 08$aPrint version: Ndou, Eliphas Fiscal Policy Shocks and Macroeconomic Growth in South Africa Cham : Springer International Publishing AG,c2023 9783031377549 320 $aIncludes bibliographical references and index. 327 $aChapter 1 Introduction -- Chapter 2 Synopsis of fiscal policy in South Africa: 1994 ? 2020 -- Part 1: Government debt -- Chapter 3 Effects of government debt on output, household consumption and gross fixed capital formation: Role of the credit conditions channel -- Chapter 4 Government debt and household consumption: the influence of the wealth channel -- Chapter 5 Government debt and capital formation nexus in South Africa: The role of the debt threshold -- Chapter 6 Government debt and fixed capital formation nexus: Effects of the interest rate and monetary policy credibility channels -- Chapter 7 Inflation targeting band, the government debt and capital formation nexus in South Africa -- Chapter 8 Do high government debt-to-GDP regimes propagate the adverse macro-economic effects of high budget deficit regimes? -- Chapter 9 Debt-to-GDP ratio, investment growth and employment growth, and their response to high nominal GDP growth regimes -- Chapter 10 The impact of the debt-to-GDP ratio on investment growth -- Part 2: Fiscal budget balance deficits -- Chapter 11 Budget deficit thresholds and their macroeconomic impact -- Chapter 12 The impact of a persistent increase in the budget deficit on real interest rates -- Chapter 13 What are the effects of budget deficit regimes on inflation and inflation expectations? -- Part 3: Interest rates -- Chapter 14 Widening budget deficits and investment growth dynamics -- Chapter 15 Do high debt service costs reduce the potency of accommodative fiscal policy in South Africa? -- Chapter 16 What are the macroeconomic effects of a positive interest rate-GDP growth differential shock? -- Part 4: Economic policy uncertainty -- Chapter 17 Economic policy uncertainty and the employment dynamics in South Africa under the inflation targeting regime -- Chapter 18 Economic policy uncertainty, employment dynamics and price stability in South Africa -- Chapter 19 The role of economic and policy uncertainty on the effects of widening budget deficits on yields and the credit default swap spreads -- Chapter 20 Summary of main findings and policy implications. 330 $aThis book explores the disconnect between fiscal policy and macroeconomic development in South Africa. It analyses the factors that have contributed to the lack of economic growth in the country over recent decades and outlines an improved fiscal policy framework that increases investment and employment. Particular attention is given to the impact of government debt and its relationship with GDP, the connection between budget deficits and interest rates, and how economic policy uncertainty affects employment dynamics and inflation. This book provides practical fiscal policy suggestions to increase economic growth in South Africa and Africa more generally. It will be relevant to researchers and policymakers interested in African economics and economic policy. Eliphas Ndou is a Senior Lecturer in Economics at the University of South Africa. He has worked as an economist at the South African Reserve Bank and has authored books on international finance, fiscal policy, monetary, labour, macro and microeconomics, banking regulation, and macro-prudential policy. Nombulelo Gumata is an Economist. She worked at the South African Reserve Bank and has authored several books on international finance and macroeconomics, macro-prudential and regulatory tools and financial stability, labour markets, and monetary, and fiscal policy. 606 $aAfrica$xEconomic conditions 606 $aEconomic policy 606 $aDevelopment economics 606 $aAfrican Economics 606 $aEconomic Policy 606 $aDevelopment Economics 615 0$aAfrica$xEconomic conditions. 615 0$aEconomic policy. 615 0$aDevelopment economics. 615 14$aAfrican Economics. 615 24$aEconomic Policy. 615 24$aDevelopment Economics. 676 $a929.374 700 $aNdou$b Eliphas$0868702 702 $aGumata$b Nombulelo 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910746299403321 996 $aFiscal Policy Shocks and Macroeconomic Growth in South Africa$93574274 997 $aUNINA