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Fiscal Consolidation, Fiscal Policy Transmission, and Current Account Dynamics in South Africa

Author

Listed:
  • Christine S. Makanza
  • John P. Dunne

Abstract

The debate on global current account imbalances continues to develop, with growing interest in the macroeconomic instability and widening current account deficits faced by emerging markets. Literature establishes that the current account behaves differently depending on macroeconomic circumstances in countries, so approaches to managing external imbalances should be country tailored. Despite this realisation, there is […]

Suggested Citation

  • Christine S. Makanza & John P. Dunne, 2015. "Fiscal Consolidation, Fiscal Policy Transmission, and Current Account Dynamics in South Africa," Working Papers 565, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:565
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    File URL: https://econrsa.org/wp-content/uploads/2022/06/working_paper_565.pdf
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    Cited by:

    1. Moumita Basu & Ranjanendra Narayan Nag & Bhaskar Goswami, 2021. "Exchange Rate, Output and Macroeconomic Policy: A Structuralist Approach," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 60(2), pages 103-118.

    More about this item

    Keywords

    Banking Regulation; fiscal policy; shocks; South Africa;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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