
Post-pandemic, South Africa’s economy finds itself in a constrained fiscal environment...
The Covid crisis saw significant declines in market liquidity and calls for central banks to step in. Most research into foreign exchange (FX) liquidity does not consider a large cross-section of emerging market currency pairs...
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...
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...
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...
The ERSA policy bulletin is a vehicle for lightly reviewed, preliminary research 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...
Description
This is an advanced course in empirical microeconomic methods in finance and financial intermediation. Below is a preliminary syllabus. This outline may change as...
Background and Objective:
The rapid growth of digitalisation in the modern economy is transforming markets and challenging competition policy. As the internet and the...
Background
Our economic society has been struggling with the shortage of macroeconomists for long time. Economic Research Southern Africa (ERSA), in partnership with the...
Background and Objective:
Emerging markets have been out of the news for almost two decades. They fared better than advanced economies during the Great Financial Crisis and...
Thu, 18 November 2021
Post-pandemic, South Africa’s economy finds itself in a constrained fiscal environment...
Fri, 12 November 2021
After our new Finance Minister Enoch Godongwana delivered his first Medium Term Budget...
Tue, 03 August 2021
An issue often overlooked in many discussions is that of exports and trade in the South African economy. But with a downward trajectory over the past 20 years having indirectly cost our general...
Thu, 15 July 2021
At a time when tensions are rising due to growing inequality and unemployment, ERSA’s host...
Thu, 24 June 2021
Only three times in the last century has monetary policy been re-evaluated and tested to its limits. This global pandemic has forced many central banks around the world to use non-conventional...
Fri, 14 May 2021
It is just over a year since South Africa had to succumb to what was considered one of the most draconian national lockdowns, and as expected, we have noticed a...
Mon, 03 May 2021
Have you ever wondered how sensitive the South African Rand is to shocks in other currencies? Instead of debating the relative volatility of the rand or the factors influencing this volatility,...
Thu, 29 April 2021
It is not often that a country has an opportunity to allocate windfall government funds. Between the external pressure to stabilize our debt burden after the unexpected pandemic and the internal...
Thu, 15 April 2021
Thu, 18 March 2021
In our second podcast with Dr Daan Steenkamp, a lead economist at the South African Reserve Bank, we delve further into how nowcasting works and discuss the latest research regarding the suite of...