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Accelerated Land Reform, Mining, Growth, Unemployment and Inequality in South Africa [[electronic resource] ] : A Case for Bold Supply Side Policy Interventions / / by Nombulelo Gumata, Eliphas Ndou
Accelerated Land Reform, Mining, Growth, Unemployment and Inequality in South Africa [[electronic resource] ] : 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
Soggetto topico Africa—Economic conditions
Macroeconomics
Economic growth
Agricultural economics
Labor economics
African Economics
Macroeconomics/Monetary Economics//Financial Economics
Economic Growth
Agricultural Economics
Labor Economics
ISBN 3-030-30884-7
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  
Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2019
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Achieving price, financial and macro-economic stability in South Africa : the role of the central bank balance sheet, macro-prudential tools, financial regulations and analysis / / Nombulelo Gumata, Eliphas Ndou
Achieving price, financial and macro-economic stability in South Africa : the role of the central bank balance sheet, macro-prudential tools, financial regulations and analysis / / Nombulelo Gumata, Eliphas Ndou
Autore Gumata Nombulelo
Pubbl/distr/stampa Cham, Switzerland : , : Palgrave Macmillan, , [2021]
Descrizione fisica 1 online resource (580 pages)
Disciplina 339
Soggetto topico Macroeconomics
ISBN 3-030-66340-X
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Intro -- Preface -- Acknowledgements -- Contents -- About the Authors -- List of Figures -- List of Tables -- Chapter 1: Introduction -- 1.1 Why Did We Write This Book? -- 1.2 Role of Positive Capital Inflows Shocks in the Banks' Credit Constraints, Credit Growth and Transmitting the SA-US Interest Rate Differential to Domestic GDP Growth -- 1.3 Relevance of the Credit Conditions Channel in the Transmission of Various Shocks -- 1.4 Role of Economic Thresholds in Guiding Policy Settings and Decisions -- 1.5 Impact of Synchronised Credit and House Price Booms on the Monetary Policy Response to Inflationary Pressures -- 1.6 Role Played by Contractionary Fiscal Policy Shocks in Credit Growth Dynamics -- 1.7 Interaction Between Macro-prudential Policy and Monetary Policy and the Role of the Bank Risk Channel -- 1.8 Effectiveness of the Countercyclical Capital Buffer -- 1.9 Role of the Central Bank Balance Sheet -- 1.10 Selected Issues Regarding Large-Scale Asset Purchases by a Central Bank -- 1.11 This Book Does Not Conduct a Comparative Analysis with Other Countries -- 1.12 Interaction Between Financial Regulation, Macro-prudential Tools and Monetary Policy -- 1.13 Information Content of the Money Demand and Flow-of-Funds Analysis for Financial Analysis and Monetary Policy -- References -- Chapter 2: A Review of the Central Bank Balance Sheet Tools That Can Be Deployed to Assist in the Achievement of Price, Financial and Macro-economic Stability -- 2.1 Introduction -- 2.2 What Are the Key Channels Through Which Large-Scale Asset Purchases Are Transmitted? -- 2.3 When Are the Right Conditions for the Central Bank to Pursue Large-Scale Asset Purchases? -- 2.4 Why Does the Size, Duration and Composition of Asset Purchases Matter? -- 2.5 Is Quantitative Easing Only Effective at the Zero-Lower Bound?.
2.6 Are Open-Ended Large-Scale Asset Purchases Effective? -- 2.7 Does Forward Guidance Reinforce the Effectiveness of Large-Scale Asset Purchases? -- 2.8 Why Should the SARB Conduct Large-Scale Asset Purchases? -- 2.8.1 Large-Scale Asset Purchases Have Not Been Inflationary in the US, euro area, the UK, Switzerland and Japan and Other Countries as Initially Thought -- 2.9 Role of the Public Investment Corporation Balance Sheet -- 2.10 What Are the Benefits of Increasing the Level of Foreign Currency Reserves? -- 2.11 Is It Important for the SARB to Lengthen the Maturities on Repurchase Agreements? -- 2.12 How Should the Bank Manage Excess Reserves Emanating From the LSAPs and Reserves Accumulation Policies? -- 2.13 Conclusion and Policy Implications -- References -- Part I: Capital Flow Episodes, Fiscal Shocks, Commodity Price and House Price Boom Effects on Credit Growth Dynamics -- Chapter 3: Do Capital Inflows Relieve Banks' Credit Constraints and Boost Credit Growth? Evidence from Credit Conditions and Bank Credit Risk -- 3.1 Introduction -- 3.2 Did Adverse Credit Conditions Since 2007Q3 Impact the Ability of Positive Capital Inflows to Influence Credit Growth Dynamics? -- 3.2.1 Do Credit Conditions Impact the Transmission of Portfolio Banking Flows? -- 3.2.2 Evidence from Positive Shock Effects Due to Portfolio Inflow For the Period Beginning 2008Q1 -- 3.2.3 Evidence from a Recession Shock -- 3.3 Inferences from a Vector Autoregression (VAR) Model and a Counterfactual Approach -- 3.3.1 Are the Results Sensitive to Changes in the Model Size? -- 3.4 Conclusion and Policy Implications -- References -- Chapter 4: Credit Conditions and the Amplification of Macro-economic Responses to Unexpected Shocks: Implications for Monetary Policy -- 4.1 Introduction -- 4.2 How Do Credit Conditions and Lending Standards Impact GDP Growth?.
4.3 Fluctuations and Non-linearities -- 4.3.1 How Much Fluctuations Do Credit Conditions Induce on Other Macro-economic Variables? -- 4.3.2 Is There a Non-linear Effect of Credit Conditions on GDP Growth? -- 4.4 How Big Are the Amplifications? -- 4.4.1 How Would Inflation Respond to the Exchange Rate Depreciation Shocks in the Absence of the Credit Conditions Index? -- 4.5 Implications for the Monetary Policy Conduct -- 4.5.1 Is the Repo Rate Reaction to Positive Inflation Shocks Amplified or Dampened by Tight Credit Conditions and Subdued GDP Growth? -- 4.5.2 Historical Decomposition and Counterfactual Analysis -- 4.6 Conclusion and Policy Implications -- References -- Chapter 5: Output Growth and Inflation Responses to Single and Double Credit Growth Threshold Effects in South Africa -- 5.1 Introduction -- 5.2 Brief Literature Review of Linear and Non-linear Models with Financial Frictions -- 5.2.1 The Non-linear Effects of Money and Credit Growth -- 5.3 Methodology -- 5.3.1 Data and Stylised Facts -- 5.3.2 Non-linearity Tests -- 5.3.3 Does the Sectorial Credit Growth Threshold Follow a Non-linear Process? -- 5.3.4 Credit Growth Threshold Levels -- 5.4 Empirical Analysis -- 5.4.1 Aggregate Credit Growth Regime-Dependent Impulse Responses -- 5.4.2 Are the Responses Different When Considering Sectorial Credit Growth? -- 5.4.3 Do Mortgage Credit Growth Regimes Exert Different GDP Growth and Inflation Responses? -- 5.5 Robustness Analysis: Sensitivity to Model Size -- 5.5.1 Household Consumption Expenditure Growth and Credit Growth Thresholds -- 5.6 Non-Linear Impulse Responses to Credit Growth Regimes -- 5.6.1 Robustness on Non-Linearities Exerted by Credit Growth Regimes -- 5.7 Conclusion and Policy Implications -- References -- Chapter 6: Do Contractionary Fiscal Policy Shocks Transmitted via GDP Growth Dampen Credit Growth? -- 6.1 Introduction.
6.2 Evidence from the Endogenous-Exogenous Model -- 6.3 Evidence from the Counterfactual VAR Analysis Approach -- 6.3.1 Do Different Tax Components Exert Different Effects? -- 6.4 Conclusion and Policy Implications -- Reference -- Chapter 7: Do Synchronised Credit Growth and House Price Growth Booms Impact the Monetary Policy Reaction to Inflationary Pressures? -- 7.1 Introduction -- 7.2 In Which Periods Did Boom and Non-boom Episodes in Credit Growth and House Price Growth Occur? -- 7.2.1 How Long Is the Duration of Financial Downturns on Average over the Sample Period? -- 7.3 Does the Mortgage Credit Growth Boom Matter for the Transmission of House Price Growth Boom Shocks to Credit Growth and GDP Growth? -- 7.3.1 Does the Synchronicity of House Price Growth and Credit Growth Booms Impact the Policy Responses to Positive Inflation Shocks? -- 7.3.2 What Are the Implications of Boom and Non-boom Episodes When Inflation Is Above 6 Per Cent? -- 7.4 Conclusion and Policy Implications -- References -- Chapter 8: Do Synchronised Boom and Non-boom Episodes in Credit Growth, Commodity and Equity Prices Impact the Response of the Repo Rate to Positive Inflation Shocks? -- 8.1 Introduction -- 8.2 The Identification of Cycles and Boom Episodes -- 8.3 Do Synchronised Boom Episodes Matter for Monetary Policy Responses to Positive Inflation Shocks? -- 8.3.1 Do Synchronised Non-booms Matter for the Monetary Policy Responses to Positive Inflation Shocks? -- 8.3.2 Do Synchronised Commodity Price Growth and Credit Growth Non-booms Matter for the Monetary Policy Responses to Positive Inflation Shocks? -- 8.4 Conclusion and Policy Implications -- References -- Chapter 9: To What Extent Do Capital Inflows Impact the Response of South African Economic Growth to Positive SA-US Interest Rate Differential Shocks? -- 9.1 Introduction.
9.2 Why Is the Focus on the Capital Inflow Dynamics Important for This Study? -- 9.3 Empirical Results -- 9.3.1 Evidence from a Three-Variable Counterfactual VAR Model -- 9.3.2 Evidence from the Four-Variable Counterfactual VAR Model -- 9.3.3 Evidence Based on a Five-Variable VAR Model -- 9.3.4 Does the Role of the Capital Inflow Channel Vary Depending on Whether It Is Equity Capital Inflows or Debt Capital Inflows? -- 9.4 Conclusions and Policy Implications -- References -- Part II: The Interaction of the South African Reserve Bank, Public Investment Corporation and Private Banks' Balance Sheets: Effects on Fiscal and Monetary Policy Tools -- Chapter 10: Is There a Compelling Case to Increase the SARB Holdings of Government Securities to Supplement Interest Income and Neutralise Losses Due to Foreign Investments and Foreign Currency Reserves Accumulation? -- 10.1 Introduction -- 10.2 The Main Channels of Transmission of Balance Sheet Policy -- 10.3 Stylised Facts on Selected Central Bank Balance Sheet and Government Debt Indicators -- 10.4 SARB Balance Sheet, Selected Financial and Macro-economic Variables -- 10.5 What Is the Impact of Positive Shocks to the SARB Balance Sheet on Ten-Year Yields, Term Spread and Weighted Government Debt Costs? -- 10.6 Do Positive Shocks to SARB Assets Growth Exert Asymmetric Effects on the Rand/US Exchange Rate and Inflation? -- 10.7 What Are the Effects of SARB LSAPs on Employment Growth, Unemployment Rate, Inequality and Other Key Macro-economic Variables? -- 10.8 Conclusion and Policy Implications -- Appendix -- References -- Chapter 11: Are the Amplification Effects of Positive Shocks to SARB Assets Growth and Forex Reserves Accumulation on Long-Term Yields Dependent on Government Debt Growth Regimes? -- 11.1 Introduction -- 11.2 The Impact of Government Debt Growth Regimes on Long-Term Government Bond Yields.
11.3 Are the Amplification Effects of Positive Shocks to SARB Assets Growth and Forex Reserves Accumulation on Long-Term Yields Dependent on Government Debt Growth Regimes?.
Record Nr. UNINA-9910483017103321
Gumata Nombulelo  
Cham, Switzerland : , : Palgrave Macmillan, , [2021]
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Bank Credit Extension and Real Economic Activity in South Africa [[electronic resource] ] : The Impact of Capital Flow Dynamics, Bank Regulation and Selected Macro-prudential Tools / / by Nombulelo Gumata, Eliphas Ndou
Bank Credit Extension and Real Economic Activity in South Africa [[electronic resource] ] : The Impact of Capital Flow Dynamics, Bank Regulation and Selected Macro-prudential Tools / / by Nombulelo Gumata, Eliphas Ndou
Autore Gumata Nombulelo
Edizione [1st ed. 2017.]
Pubbl/distr/stampa Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2017
Descrizione fisica 1 online resource (XLVII, 582 p.)
Disciplina 332.1
Soggetto topico Banks and banking
Macroeconomics
International economics
Banking
Macroeconomics/Monetary Economics//Financial Economics
International Economics
ISBN 3-319-43551-5
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Chapter 1) Introduction -- Chapter 2)The inverse transmission of positive global liquidity shocks into the South African economy -- Chapter 3) The impact of capital flows on credit extension: the counterfactual approach -- Chapter 4) Capital flow episode shocks, global risk and credit growth -- Chapter 5) Do bank and non-bank capital flows induce sectorial reallocation of credit away from the household sector? -- Chapter 6) Do components of capital flows induce sectorial reallocation of credit away from companies? -- Chapter 7) Stock returns, volatility and bust effects on economic growth -- Chapter 8) The interaction between credit conditions, monetary policy and economic activity -- Chapter 9) Credit conditions and the amplification of exchange rate depreciation and other unexpected macroeconomic shocks -- Chapter 10) What does the adjustment of the lending-deposit rate spread tell us about collusive behaviour pricing, transaction costs and adverse customer reaction? -- Chapter 11) Adverse credit supply shocks and weak economic growth -- Chapter 12) Credit supply shocks and real economic activity -- Chapter 13) Credit growth threshold and the nonlinear transmission of credit shocks -- Chapter 14) Credit regimes and the balance sheet effects -- Chapter 15) The banking risk-taking channel of monetary policy in South Africa -- Chapter 16) Financial regulation policy uncertainty and the sluggish recovery in credit growth -- Chapter 17) Excess capital adequacy and liquid asset holdings and credit -- Chapter 18) Credit loss provisions as a macro-prudential tool -- Chapter 19) The National Credit Act, monetary policy and credit growth -- Chapter 20) Loan-to-value ratios, contractionary monetary policy and inflation expectations -- Chapter 21) Repayment-to-income and loan-to-value ratios shocks on the housing market.
Record Nr. UNINA-9910255025903321
Gumata Nombulelo  
Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2017
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Capital Flows, Credit Markets and Growth in South Africa [[electronic resource] ] : The Role of Global Economic Growth, Policy Shifts and Uncertainties / / by Nombulelo Gumata, Eliphas Ndou
Capital Flows, Credit Markets and Growth in South Africa [[electronic resource] ] : The Role of Global Economic Growth, Policy Shifts and Uncertainties / / 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 (406 pages)
Disciplina 339.530968
Soggetto topico Africa—Economic conditions
Macroeconomics
Economic growth
Agricultural economics
Labor economics
African Economics
Macroeconomics/Monetary Economics//Financial Economics
Economic Growth
Agricultural Economics
Labor Economics
ISBN 3-030-30888-X
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto 1 Introduction -- Part I Global Economic Growth, Economic Policy Uncertainty and The Influence of Trade Dynamics -- 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 Does the Trade-Openness Channel Impact the Effects of Business Confidence Shocks on Investment Growth? -- 4 Trade-Openness, Consumer Price Inflation and Exchange Rate Depreciation Shocks -- 5 Global Growth and Economic Policy Uncertainty Shock Effects on the South African Economy: Do These Reinforce Each Other? -- 6. Heightened Foreign Economic Policy Uncertainty Shock Effects on the South African Economy: Transmission via Capital Flows, Credit Conditions and Business Confidence Channels -- Part II Global Policy Rates and The South African Economy -- 7 In Which Direction Is There a Momentum Effect in the Changes in the Spread Between the Repo Rate and Federal Funds Rate? -- 8 How Do Global Real Policy Rates Impact the South African GDP Growth and Labour Market Conditions? -- 9 To What Extent Do Capital Inflows Impact the Response of the South African Economic Growth to Positive SA-US Interest Rate Differential Shocks? -- Part III Capital Flow Surges, Sudden Stops and Elevated Portfolio Inflows Volatility Effects -- 10 Economic Costs of Capital Flow Episodes in South Africa -- 11 Capital Flow Surges, Sudden Stops and Elevated Portfolio Inflow Volatility Shocks: What is the Nature of Their Interaction with GDP Growth and Credit? -- 12 Bank and Non-bank Capital Flows and The Sectorial Reallocation of Credit Away from the Household Sector -- 13 Banking and Non-banking Capital Flows and The Sectorial Reallocation of Credit Away from Companies -- 14 Equity, Debt Inflows and the Price Stability Mandate -- 15 Do Local Investors Play a Stabilising Role Relative to Foreign Investors After Economic Shocks? -- 16 Do Investors’ Net Purchases and Capital Retrenchment Activities Impact the Monetary Policy Response to Positive Inflation Shocks? -- Part IV The Transmission of Sovereign Debt Credit Ratings Downgrades and Upgrades into the Credit Markets and the Real Economy -- 17 What Role Does Business Confidence Play in Transmitting Sovereign Debt Credit Ratings Upgrades and Downgrades Shocks into the Real Economy? -- 18 Are Sovereign Debt Credit Ratings Shocks Transmitted Via Economic Growth to Impact Credit Growth? -- 19 Does the Cost of Government Borrowing Transmit Sovereign Debt Credit Ratings Downgrades Shocks to Credit Growth? -- Part V The Output–Inflation Trade-off, External Shocks, Labour Market Conditions and Inflation Expectations -- 20 The Output-gap, Nominal Wage and Consumer Price Inflation Volatility Trade-off -- 21 The Output-Gap and Inflation Volatility Trade-off: Do External Shocks and Inflation Expectations Shift the Taylor Curve -- 22 Do Adverse Global Trade Shocks Impact the Trade-off Between the Inflation and Output-Gap Volatilities -- 23 Do the Labour Market Conditions Shocks Impact the Trade-off Between the Inflation and Output-Gap Volatilities? -- Part VI The Policy Ineffectiveness Issues -- 24 The Output Gap–Inflation Trade-off and the Policy Ineffectiveness -- 25 Inflation Regimes and the Transmission of Positive Nominal Demand Shocks to the Price Level.
Record Nr. UNINA-9910364948803321
Gumata Nombulelo  
Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2019
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Labour Market and Fiscal Policy Adjustments to Shocks [[electronic resource] ] : The Role and Implications for Price and Financial Stability in South Africa / / by Nombulelo Gumata, Eliphas Ndou
Labour Market and Fiscal Policy Adjustments to Shocks [[electronic resource] ] : The Role and Implications for Price and Financial Stability in South Africa / / by Nombulelo Gumata, Eliphas Ndou
Autore Gumata Nombulelo
Edizione [1st ed. 2017.]
Pubbl/distr/stampa Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2017
Descrizione fisica 1 online resource (LI, 599 p. 353 illus., 25 illus. in color.)
Disciplina 331.120968
Soggetto topico International finance
Africa—Economic conditions
Energy policy
Energy and state
International Finance
African Economics
Energy Policy, Economics and Management
ISBN 3-319-66520-0
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Part 1 Labour Market Characteristics and Monetary Policy -- 1: Introduction -- 2: Does the Beveridge Curve Exist in the South African Case, and What Are the Implications for Monetary Policy? -- 3: Does the Unemployment Invariance Hypothesis Hold in South Africa? -- 4: Does Price Stability Benefit from a Positive Shock in the Labour Force Participation Rate? -- 5: Is There an Inflation–GDP Growth–Employment Nexus in South Africa Within the 6 per cent Inflation Threshold? -- Part 2 The Minimum Wage and Theoretical Predictions -- 6: Which Labour Market Structure Model Predictions Are Consistent with the Effects of a Minimum Wage on Inflation in South Africa? -- 7: The Minimum Wage, Income Inequality and the Price-Stability Mandate -- 8: The Efficiency Wage Hypothesis, Labour Productivity and the Minimum Wage -- 9: The Impact of the Minimum Wage on Capital-Labour Ratio Dynamics -- Part 3 Labour Market Reforms and Price Stability -- 10: Labour Market Reforms and the Price Stability Mandate -- 11: Loosening in Collective Bargaining Impact on CPI and Inflation Expectations -- 12: Labour Market Reforms, Unit Labour Costs Shocks and Inflation Persistence -- Part 4 Labour Market Conditions, Labour Productivity, Inflation Expectations and Monetary Policy -- 13: The Labour Market Conditions Channel in the Transmission of Positive Inflation and Inflation Expectation Shocks to the Repo Rate Reaction? -- 14: Real Interest Rate Shock, Labour Productivity and the 6 per cent Inflation Threshold -- 15: Capital Flow Surges and Sudden Stops Impact on the Sectorial Composition of Employment and Productivity Growth -- 16: Labour Productivity Growth and Inflation Expectations -- Part 5 Labour Market Interactions with Selected Macroprudential Tools and Monetary Policy -- 17: Labour Market Conditions Shocks and Credit Growth -- 18: Weak Labour Productivity, Tight Credit Conditions and Monetary Policy -- 19: Labor Productivity and Labor Market Conditions Impact on Household Debt -- 20: Labour Market Reforms, Inflation Expectations and the Banks’ Required Reserves Channel -- Part 6 The Interaction Between the Public–Private Sector Wages and Employment Growth.-  21: Price Stability Impact on Wage Growth in the Public and Private Sectors -- 22: Public and Private Sector Employment and the Jobs Displacement Effects -- 23: Public Sector Wages and Implications for the Budget Balance -- 24: The Economic Policy Uncertainty Channel and Employment Dynamics -- Part 7 Nominal Wage Dynamics and Price Stability 25: The Inflation–Wage Spiral, Inflation Expectations and Monetary Policy -- 26: The 6 Per cent Inflation Threshold and the Transmission of Nominal Wage Shocks to Inflation Expectations -- Part 8 The Fiscal Policy Taxation Channel -- 27: Do Government Debt Thresholds Impact the Transmission of Tax Shock Effects to GDP growth? -- 28: Fiscal Policy Variables Shock Impact on Inflation and GDP growth? -- 29: Income Tax Shocks and the Inflation-Output Volatility Trade-offs -- 30: Do Positive Tax Revenue Shocks Impact Financial and Credit Conditions? -- 31: Tax Revenue Shocks Effects on The Repo Rate and Inflation -- Part 9 The Fiscal Policy Government Spending Cuts Channel -- 32: Does Government Spending Transmit Inflation to GDP growth? -- 33: Fiscal Spending Cut effects on CPI Inflation and Monetary Policy Cycles -- Part 10 The Government Consumption Spending, Lending Spreads and the Cost of Borrowing Channels -- 34: Do Sovereign Yield Spreads Transmit Contractionary Fiscal Policy Shocks? -- 35: Fiscal Policy and Sovereign Spread Shocks: Risks and Policy Implications -- 36: How Potent Is the Output Channel of Borrowing Costs? -- 37: How Does a Positive Borrowing Costs Shock Impact Price Stability? -- Part 11 Fiscal Policy, the Current Account and Transmission to Credit -- 38: Fiscal Policy Shocks and the Current Account -- 39: The Impact of Six Per cent Inflation on M3 and Credit on GDP -- 40: Does Inflation Neutralise the Multiplier Effects of Expansionary Monetary and Fiscal Policy on GDP Growth?        .
Record Nr. UNINA-9910255040803321
Gumata Nombulelo  
Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2017
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
The Secular Decline of the South African Manufacturing Sector / / Nombulelo Gumata, Eliphas Ndou
The Secular Decline of the South African Manufacturing Sector / / Nombulelo Gumata, Eliphas Ndou
Autore Gumata Nombulelo
Edizione [1st ed. 2020.]
Pubbl/distr/stampa Cham, Switzerland : , : Palgrave Macmillan, , [2020]
Descrizione fisica 1 online resource (XXXIII, 370 p. 258 illus.)
Disciplina 338.40968
Soggetto topico Manufacturing industries - South Africa
Economic development - South Africa
ISBN 3-030-55148-2
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto 1. Introduction -- 2. Does trade-openness affect the role of the domestic output-gap on inflation? If so, what is the role of the global out-put gap? -- 3. Does an increase in trade-openness and import-penetration affect income inequality? Evidence from the manufacturing sector output growth and employment growth -- 4. What is the impact of Chinese import penetration on the South African manufacturing sector? -- 5. What is the impact of global trade uncertainty and the exchange rate volatility on the manufacturing sector? -- 6. How does activity in manufacturing sector respond to trade and exchange rate shocks? Evidence from trade-openness and import penetration thresholds -- 7. What is the impact of imports by stage of production on the manufacturing sector output and employment growth? -- 8. What is the impact of imports by stage of production and the manufacturing sector investment growth? -- 9. What is the impact of global trade uncertainty and the exchange rate volatility on the manufacturing sector? -- 10. What is the impact of commodity price booms and capital flows surges episodes on the manufacturing sector? -- 11. What are the effects of capital flow shocks on the domestic manufacturing sector? -- 12. Does the persistent widening in the trade deficit explain the decline in the manufacturing sector output and employment growth? -- 13. Do credit booms, financial and credit cycles affect activity in the manufacturing sector? -- 14. What is the role of business and consumer confidence in amplifying the transmission of positive shocks into the manufacturing sector? -- 15. Do positive investment shocks in the manufacturing sector result in increased labour absorption and participation rates? -- 16. Did the decline in the excess capital adequacy ratio amplify the monetary policy easing and credit cycles on activity in the manufacturing sector? -- 17. Did the increase in excess liquid assets of banks amplify the effects of tight macro-prudential tools on activity in the manufacturing sector? -- 18. Did loose loan-to-value and repayment-to-income ratios amplify commodity price booms on activity in the manufacturing sector? -- 19. Do tight loan-to-value and repayment-to-income ratios in amplify the effects of tight monetary policy cycles on the manufacturing sector activity? -- 20. What is the impact of selected financial regulation and macro-prudential tools on credit to the manufacturing sector? -- 21. Did monetary policy cycles propagate the impact of credit and financial cycles on activity in the manufacturing sector during 2005Q1 and 2008Q3? -- 22. What was the role of demand shocks, supply shocks, productivity shocks and monetary policy shocks on the manufacturing sector during 2005Q1 and 2008Q3? -- 23. The role of electricity price shocks on the manufacturing sector output and employment growth -- 24. What is the impact of the manufacturing sector output and sub-sector employment growth on the labour absorption and participation rates? -- 25. What is the nature of the output-employment in the manufacturing sector? Evidence from the manufacturing subsectors -- 26. What are the effects of the minimum wage and productivity growth on the manufacturing sector output and employment growth? -- 27. What is the impact of market income concentration and the mergers and acquisitions channel on the manufacturing sector?.
Record Nr. UNINA-9910468237303321
Gumata Nombulelo  
Cham, Switzerland : , : Palgrave Macmillan, , [2020]
Materiale a stampa
Lo trovi qui: Univ. Federico II
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Secular decline of the South African manufacturing sector : policy interventions, missing links and gaps in discussions
Secular decline of the South African manufacturing sector : policy interventions, missing links and gaps in discussions
Autore Gumata Nombulelo
Pubbl/distr/stampa Springer International Publishing, 2020
ISBN 3-030-55148-2
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Record Nr. UNINA-9910847177603321
Gumata Nombulelo  
Springer International Publishing, 2020
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui