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Accelerated Land Reform, Mining, Growth, Unemployment and Inequality in South Africa : A Case for Bold Supply Side Policy Interventions / / by Nombulelo Gumata, Eliphas Ndou
| Accelerated Land Reform, Mining, Growth, Unemployment and Inequality in South Africa : A Case for Bold Supply Side Policy Interventions / / by Nombulelo Gumata, Eliphas Ndou |
| Autore | Gumata Nombulelo |
| Edizione | [1st ed. 2019.] |
| Pubbl/distr/stampa | Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2019 |
| Descrizione fisica | 1 online resource (lxii, 642 pages) : illustrations |
| Disciplina |
330.96806
339 |
| Soggetto topico |
Africa - Economic conditions
Macroeconomics Economic development Agriculture - Economic aspects Labor economics African Economics Macroeconomics and Monetary Economics Economic Growth Agricultural Economics Labor Economics |
| ISBN |
9783030308841
3030308847 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | 1. Introduction -- Part I: Global real interest rates, economic and trade growth uncertainty shock effects on the South African economy -- 2. Is BRICS GDP growth a source of shocks or an amplifier of global growth responses? What are the policy implications for South Africa? -- 3. Global economic and policy uncertainty shock effects on the South African economy: Do these reinforce each other? -- 4. Heightened foreign policy uncertainty shocks effects: Transmission via capital flows, credit conditions and business confidence -- 5. In which direction is there a momentum effect in the changes in the spread between the repo rate and federal funds rate? -- 6. How do global real policy rates impact the South African GDP growth and labor market conditions? -- Part II: The Taylor curve, external shocks, labour market conditions and inflation expectations -- 7. The output-gap, nominal wage and consumer price inflation volatility trade-off -- 8. Output and inflation volatility trade-off: Do external shocks and inflation expectations shift the Taylor curve -- 9. Do adverse global trade developments shocks impact the trade-off between the inflation and output volatilities -- 10. Does the labour market conditions shock impact the trade-off between the inflation and output volatilities? -- 11. Output-inflation trade off and the issue of policy ineffectiveness -- 12. Do inflation regimes affect the transmission of nominal demand shocks to the price level? -- 13. What is the nature of the output-employment-unemployment nexus in South Africa? Evidence from various approaches to Okun's Law -- 14. Does the consideration of nominal wage growth imply a high level of inflation inertia or persistence compared to consumer price inflation? -- 15. Wage and consumer price inflation during exchange rate appreciation and depreciation episodes -- 16. Is there a case for nominal GDP growth targeting in South Africa? -- Part III: Policy uncertainty, mining sector charter, exchange rate volatility, commodity price booms and busts, binding minimum wage increases and the mining sector -- 17. How has the intensity of the ability of commodity specific output growth to create jobs evolved? Implications for the mining sector as a "sunrise industry" -- 18. Is export-led growth a necessary but insufficient condition for job creation in the mining sector? Does this mean that there is a strong case for beneficiation? -- 19 The impact of mining commodity price booms and sharp exchange rate depreciation episodes on mining output and employment growth -- 20. The role of the exchange rate on investment growth in the mining sector: Evidence from the balance sheet hypothesis -- 21. The role of the exchange rate volatilities on the mining sector -- 22. The role of policy uncertainty low confidence and the mining charter in the transmission of positive shocks to commodity prices in the mining sector -- 23. What are the mechanisms and channels through which the mining sector adjusted to an increase in the binding minimum wage in 2014? -- Part IV: Accelerated land reform, the agricultural sector and implications for macro-economic policies -- 24. The impact of structural change on the South African economy: Evidence from the structural change indices and McMillan and Rodrick (2011) labour productivity decomposition approach -- 25. Land reform, redistribution and agricultural investment growth: What are the implications for the NDP output and employment targets? -- 26. What is the role of food commodity price booms and busts in the agricultural sector? Implications for monetary policy -- 27. What is the role of trade liberalisation and food commodity price booms in the agricultural sector? Implications for the export-led growth strategy -- 28. Is the agricultural sector sensitive to the exchange rate depreciation and volatility: Evidence from the balance sheet channel -- 29. How are the interest rates and credit supply shocks transmitted to the agricultural sector? -- 30. What is the impact of a binding minimum wage on the agricultural sector? -- 31. Can land reform help reduce poverty and inequality? -- Part V: The transmission of sovereign debt downgrades into the credit markets and the real economy -- 32. What role does business confidence play in transmitting sovereign credit ratings upgrade and downgrades shocks to the real economy? -- 33. Are sovereign credit ratings shock transmitted via economic growth to impact credit growth dynamics? -- 34. Does the cost of government borrowing transmit the sovereign credit downgrade shocks to credit growth? -- Part VI: Capital flow surges, sudden stops and elevated portfolio volatility shocks: what is the nature of their interaction with GDP growth and credit and economic costs? -- 35. What are the economic costs of capital flow waves in South Africa? -- 36. Capital flow surges, sudden stops and elevated portfolio volatility shocks: What is the nature of their interaction with GDP growth and credit? -- 37.Do bank and non-bank capital flows induce sectorial reallocation of credit away from the household sector? -- 38. Do banking and non-banking capital flows induce sectorial reallocation of credit away from companies? -- 39. Do equity and debt inflows matter in the attainment of the price stability mandate? -- 40. Do local investors play a stabilizing role relative to foreign investors after economic shocks -- 41. Do investors' net purchases and capital retrenchment activities impact the monetary policy response to positive inflation shocks?. |
| Record Nr. | UNINA-9910370254603321 |
Gumata Nombulelo
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| Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2019 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Inequality, Output-Inflation Trade-Off and Economic Policy Uncertainty : Evidence From South Africa / / by Eliphas Ndou, Thabo Mokoena
| Inequality, Output-Inflation Trade-Off and Economic Policy Uncertainty : Evidence From South Africa / / by Eliphas Ndou, Thabo Mokoena |
| Autore | Ndou Eliphas |
| Edizione | [1st ed. 2019.] |
| Pubbl/distr/stampa | Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2019 |
| Descrizione fisica | 1 online resource (518 pages) |
| Disciplina |
330.96806
338.968 |
| Soggetto topico |
Africa - Economic conditions
Macroeconomics International economic relations International finance Finance, Public Economic policy African Economics Macroeconomics and Monetary Economics International Economics International Finance Public Finance Economic Policy |
| ISBN |
9783030198039
3030198030 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | 1. Introduction -- Part 1: Income inequality and GDP Growth and inflation regime -- 2. Income inequality and GDP growth nexus in South Africa: Does the 4.5 percent consumer price inflation threshold and other channels play a role? -- 3. Does the inflation rate below 4.5 percent matter for the distributional effects of positive inflation shocks on income inequality in South Africa? -- Part 2: Inequality and monetary policy -- 4. Does income inequality channel impact the transmission of monetary policy shocks to economic activity? -- 5. Do monetary policy shocks influence income inequality dynamics in South Africa? -- 6. Does trade openness impact the link between monetary policy and both income inequality and consumption inequality? -- 7. Does financial globalisation impact the link between monetary policy and income inequality? -- Part 3: Role of monetary channel in transmitting shocks to income inequality -- 8. Does monetary policy impact theeffects of shares of manufacturing employment shocks on income inequality? -- 9. Is there a role for the monetary policy channel in transmitting positive shocks to the services sector employment shares to income inequality? -- Part 4: Consumption inequality -- 10. Does the consumption inequality channel impact the transmission of positive income inequality shocks to credit dynamics in South Africa? Insights before 2009Q1 -- 11. Does price stability impact the link between income inequality and consumption inequality? -- Part 5: Macroprudential policy and income inequality -- 12. Do positive excess capital adequacy ratio shocks influence the income inequality dynamics in South Africa? -- 13. Does a loose loan to value ratio shock have any distributive effects via the inequality channel? -- 14. Is the National Credit Act a driver of growth of income inequality? -- 15. Can an unexpected loosening in labour market reforms reduce growth of income inequality in South Africa? -- Part 6: Bank concentration and income inequality and other channels -- 16. Do positive bank concentration shocks impact economic growth in South Africa? -- 17. Does the increase in banking concentration impact income inequality in South Africa? -- 18. Do positive bank concentration shocks impact on employment in South Africa? -- Part 7: Output-inflation trade-off and role of inflation regimes -- 19. Is there evidence of the trade offs in output and inflation volatilities in South Africa? -- 20. To what extent does output-inflation trade-off exist in South Africa and is it impacted by the six percent inflation threshold? -- 21. Do inflation regimes affect the transmission of nominal demand shocks to the consumer price level? -- 22. Do positive nominal volatility shocks reduce output-inflation trade off and is there a role for inflation regimes? -- Part 8: Output growth persistence and inflation -- 23. Does the persistence of output growth depend on the inflation regimes? -- 24. Do the effects of expansionary monetary policy shocks on output persistence depend on the inflation regimes? -- 25. Output and policy ineffectiveness proposition: A perspective from single regression equations -- Part 9: Uncertainty, expansionary monetary and fiscal policy multipliers -- 26. Does the economic policy uncertainty channel impact the influence of expansionary monetary policy changes on output dynamics? -- 27. How does inflation impact the effects of expansionary monetary and fiscal policies on real GDP growth? -- 28. The time-varying pass-through of the lending rate responses to the repo rate changes and loan intermediation mark-up -- 29. Do economic policy uncertainty shocks impact bank lending rate margins? -- 30. Does economic policy uncertainty impact the pass-through of the repo rate to bank lending rates? -- Part 10: Economic policy uncertainty and the Lending, Credit and cash holding channels -- 31. Are credit growth reactions to expansionary monetary policy shocks weakened by heightened economic policy uncertainty? -- 32. Do companies' cash holdings impact the transmission of economic policy uncertainty shocks to capital formation? -- 33. Does an increase in the value of companies' cash holdings impact the transmission of expansionary monetary policy shocks? Counterfactual policy analysis -- 34. Does an unexpected reduction in economic policy uncertainty impact inflation expectations?. |
| Record Nr. | UNINA-9910349535003321 |
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Ndou Eliphas
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| Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2019 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||