AN OPEN ECONOMY NEW KEYNESIAN DSGE MODEL OF THE SOUTH AFRICAN ECONOMY

Mr Steinbach · Pt Mathuloe · Smit Bw

79 citations0/0 files storedSouth African Journal of Economics

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Monetary Policy and Economic Impact Economic Theory and Policy Economic theories and models

Abstract

Abstract In this paper an open economy New Keynesian model of the South African economy is presented. The model is constructed to provide for incomplete pass‐through of exchange rate changes, external habit formation, partial indexation of domestic prices and wages to past inflation, and staggered price and wage setting. Furthermore, the model is estimated using Bayesian techniques on South African domestic and trade partner data for the period 1990Q1 to 2007Q4. The estimated model is analysed by means of impulse response functions.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 79 citations exist upstream.

References

1983Staggered prices in a utility-maximizing framework 2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY 1999The Science of Monetary Policy: A New Keynesian Perspective 2007Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach 1996Staggered Prices in a Utility-Maximizing Framework 2004Interest and Prices 2000Optimal monetary policy with staggered wage and price contracts 1985Indivisible labor and the business cycle

Cited by

2017Inflation targeting and exchange rate management in less developed countries 2013A DSGE-VAR model for forecasting key South African macroeconomic variables 2015Monetary policy and commodity terms of trade shocks in emerging market economies 2010THE ROLE OF THE EXCHANGE RATE IN A NEW KEYNESIAN DSGE MODEL FOR THE SOUTH AFRICAN ECONOMY 2011FORECASTING PERFORMANCE OF AN ESTIMATED DSGE MODEL FOR THE SOUTH AFRICAN ECONOMY 2016Stock price dynamics and the business cycle in an estimated DSGE model for South Africa

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.