Fiscal Policy Shocks and Macroeconomic Growth in South Africa Missing Links and Policy Gaps /

Fiscal Policy Shocks and Macroeconomic Growth in South Africa Missing Links and Policy Gaps /

Bibliographic Details
Main Authors: Ndou, Eliphas (Author), Gumata, Nombulelo (Author)
Corporate Author: SpringerLink (Online service)
Summary:XXXV, 255 p. 155 illus.
text
Language:English
Published: Cham : Springer Nature Switzerland : Imprint: Palgrave Macmillan, 2023.
Edition:1st ed. 2023.
Subjects:
Africa > Economic conditions.
Economic policy.
Development economics.
African Economics.
Economic Policy.
Development Economics.
Online Access:https://doi.org/10.1007/978-3-031-37755-6
Format: Electronic Book
Table of Contents:
  • Chapter 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.

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