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Policy Bulletins

The ERSA policy bulletin is a vehicle for preliminary research, lightly reviewed, on current policy issues and debates. The series emphasizes brief, focused, and timely interventions. The desk review will evaluate ethical and professional standards, basic research design, and the interest of the topic. The manuscript should not be longer than seven printed pages or less, excluding tables, figures, and references. Authors willing to present their research in this series should send the manuscript in PDF format to nicola.viegi [at] ([email protected]).

Policy Bulletin 04: Electricity reforms: Experience and approach

Chris Loewald, Konstantin Makrelov, Andreas Wörgötter

South Africa has been experiencing electricity shortages since 2008. Load shedding is taking place even at the moment, despite a large contraction in economic activity due to the Covid-19 crisis. It is time to reform the electricity market and breakdown Eskom’s vertically integrated monopoly. An...

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Policy Bulletin 03: Macroeconomic policy options for a savings constrained economy: the case of South Africa

Christopher Loewald, David Faulkner, and Konstantin Makrelov

Economic growth requires delivering a credible fiscal consolidation plan that shifts spending towards investment in infrastructure, human capital accumulation and a environmentally sustainable economy. Fiscal policy has to move first, reducing risk...

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Policy Bulletin 02: Reflections on Aspects of Public Finance and Fiscal Policy in South Africa

Estian Calitz

After the COVID-19 crisis is over, South Africa will face a fiscal mountain that looks insurmountable. Many of the problems experienced in the public finances originated outside of the fiscus and have to be addressed at source, neither fiscal discretion, nor fiscal rules or any...

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Policy Bulletin 01: A fair price for economic modelling? Transparency Required

Chris Loewald, Pamela Mjandana, Konstantin Makrelov

The principle of transparency is the only way that policy makers can understand the limitations of a model and use its outputs effectively to inform policy. In absence of this transparency, there is no accountability and claims cannot be tested. The first ERSA policy bulletin discusses how to...

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