IDEAS home Printed from https://ideas.repec.org/p/unu/wpaper/wp-2023-106.html
   My bibliography  Save this paper

Time-varying fiscal multipliers for South Africa: A large time-varying parameter vector autoregression approach

Author

Listed:
  • Gideon du Rand
  • Hylton Hollander
  • Dawie van Lill

Abstract

A critical requirement for efficient fiscal policy is a reliable understanding of its impact on the aggregate economy for different policy instruments and under different economic conditions. Indeed, there is strong evidence to suggest that fiscal multipliers vary with economic conditions, the components of government decision-making that are considered, and the identification strategy and modelling approach used.

Suggested Citation

  • Gideon du Rand & Hylton Hollander & Dawie van Lill, 2023. "Time-varying fiscal multipliers for South Africa: A large time-varying parameter vector autoregression approach," WIDER Working Paper Series wp-2023-106, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2023-106
    as

    Download full text from publisher

    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2023-106-time-varying-fiscal-multipliers-South-Africa.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hylton Hollander, 2024. "Debt-financed fiscal stimulus in South Africa," Studies in Economics and Econometrics, Taylor & Francis Journals, vol. 48(1), pages 87-112, January.
    2. Makrelov, Konstantin & Arndt, Channing & Davies, Rob & Harris, Laurence, 2020. "Balance sheet changes and the impact of financial sector risk-taking on fiscal multipliers," Economic Modelling, Elsevier, vol. 87(C), pages 322-343.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Abhishek Kumar & Sushanta Mallick, 2024. "Government size and risk premium," WIDER Working Paper Series wp-2024-24, World Institute for Development Economic Research (UNU-WIDER).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shaun de Jager & Chris Loewald & Konstantin Makrelov & Xolani Sibande, 2022. "Leaningagainstthewindwithfiscalandmonetarypolicy," Working Papers 11033, South African Reserve Bank.
    2. Konstantin Makrelov & Neryvia Pillay & Bojosi Morule, 2023. "Fiscal risks and their impact on banks' capital buffers in South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 91(1), pages 116-134, March.
    3. Serena Merrino, 2021. "Statedependent fiscal multipliers and financial dynamics An impulse response analysis by local projections for South Africa," Working Papers 11015, South African Reserve Bank.
    4. Vafa Anvari & Channing Arndt & Faaiqa Hartley & Konstantin Makrelov & Kenneth Strezepek & Tim Thomas & Sherwin Gabriel & Bruno Merven, 2022. "AclimatechangemodellingframeworkforfinancialstresstestinginSouthernAfrica," Working Papers 11030, South African Reserve Bank.
    5. Christopher Loewald & David Faulkner & Konstantin Makrelov, 2020. "Time consistency and economic growth a case study of south african macroeconomic policy," Working Papers 10421, South African Reserve Bank.
    6. Kathryn Bankart & Xolani Sibande & Konstantin Makrelov, 2023. "Drivers of corporate credit in South Africa," Occasional Bulletin of Economic Notes 11047, South African Reserve Bank.
    7. Sarb, 2020. "OBEN 2001 November 2020," Occasional Bulletin of Economic Notes 11003, South African Reserve Bank.
    8. repec:rbz:oboens:11031 is not listed on IDEAS
    9. Channing Arndt & Chris Loewald & Konstantin Makrelov, 2020. "Climate change and its implications for central banks in emerging and developing economies," Working Papers 10001, South African Reserve Bank.

    More about this item

    Keywords

    Fiscal multipliers; Bayesian estimation; Fiscal policy;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:unu:wpaper:wp-2023-106. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Siméon Rapin (email available below). General contact details of provider: https://edirc.repec.org/data/widerfi.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.