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The optimal monetary and macroprudential policies for the South African economy

Author

Listed:
  • Guangling Dave Liu
  • Thabang Molisey

Abstract

We investigate the optimal design and effectiveness of monetary and macroprudential policies in promoting macroeconomic (price) and financial stability for the South African economy. We develop a New Keynesian dynamic stochastic general equilibrium model featuring a housing market, a banking sector and the role of macroprudential and monetary policies. Based on the parameter estimates from […]

Suggested Citation

  • Guangling Dave Liu & Thabang Molisey, 2020. "The optimal monetary and macroprudential policies for the South African economy," Working Papers 811, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:811
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    File URL: https://econrsa.org/wp-content/uploads/2022/06/working_paper_811.pdf
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    Cited by:

    1. Neryvia Pillay & Konstantin Makrelov, 2024. "The lending implications of banks holding excess capital," Working Papers 11056, South African Reserve Bank.
    2. Malibongwe Cyprian Nyati & Paul-Francois Muzindutsi & Christian Kakese Tipoy, 2023. "Macroprudential and Monetary Policy Interactions and Coordination in South Africa: Evidence from Business and Financial Cycle Synchronisation," Economies, MDPI, vol. 11(11), pages 1-23, November.
    3. Shaun de Jager & Chris Loewald & Konstantin Makrelov & Xolani Sibande, 2022. "Leaningagainstthewindwithfiscalandmonetarypolicy," Working Papers 11033, South African Reserve Bank.
    4. Kaelo Mpho Ntwaepelo, 2021. "The Effects of Macroprudential and Monetary Policy Shocks in BRICS economies," Economics Discussion Papers em-dp2021-20, Department of Economics, University of Reading.

    More about this item

    Keywords

    business analysis; Financial Markets; Financial Stability; Macroeconomic Models; Market Regulation; Monetary Policy;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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