/macroeconomics
Macroeconomic modelling for policy formulation
National Treasury (NT) is central to macroeconomic policy in South Africa and holds a key role in maintaining macroeconomic stability around an achievable path of growing output capacity. This work stream is designed to further strengthen the capacity of NT, alongside other actors in the region, and to analyse macroeconomic developments and policy options in southern Africa.
Work on macroeconomic simulation models will be undertaken alongside separate studies related to macroeconomic stability, e.g. fiscal and monetary policies, exchange rate competitiveness, and exchange rate volatility. Two central policy objectives underlie and run through the work stream: raising South Africa’s sustainable growth rate and reducing inequality in South Africa.
The research is focused on five broad areas of policy focus
- fiscal policy
- monetary policy
- public investment and debts
- regional policy
- core policy analysis models of South African economy
Each area will engage junior NT officials as team members working jointly with the UNU-WIDER and NT team leaders on the respective topics.
Working paper
There is evidence from developed countries that technical change affects not only the employment intensity of production, but also the occupational composition of employment. The use of artificial intelligence, automation, and robots has changed the...
March 2020
Macro modelling
Project meeting
11 Dec 2019 / 09:00
to
13:00
Macro modelling
SA-TIED held a work in progress meeting for the work stream on Macroeconomic modelling for policy formulation. The meeting was held at the National Treasury and attended by project researchers under the work stream, staff...
Technical workshop
6 Jan 2020 / 08:30
to
10 Jan 2020 / 13:00
Macro modelling
SA-TIED will hold a 5-day modelling course for staff from the National Treasury, Department of Performance Monitoring and Evaluation, Department of Energy, and the Department of Transport. The workshop will take place at the National...
In the media
During a speech to parliament on Tuesday, South Africa’s Finance Minister, Tito Mboweni, discussed the important work being carried out by the Southern Africa – Towards Inclusive Economic Development (SA-TIED) programme.
26 November 2019
Enterprise development
Public revenue
Macro modelling
Inequality
Climate and energy
Regional growth
Journal Article
We analyse implications of financial sector dynamics for fiscal expenditure multipliers in recessionary conditions. A new stock-flow consistent model is developed in which a financial sector with four financial instruments is integrated with the real...
September 2019
Macro modelling
Request for research proposals
United Nations University World Institute for Development Economics Research (UNU-WIDER), together with its partners, now invites research proposals related to macroeconomic analysis for the Southern Africa Towards Inclusive Economic Development (SA-TIED) programme. Deadline for submissions...
October 2019
Macro modelling
Working paper
Examining the economy-wide consequences of South Africa following a similar trajectory of labour market polarization to the rest of the world requires an appropriate database for an economy-wide policy analysis framework. This paper describes how...
September 2019
Macro modelling
Vacancy
The United Nations University World Institute for Development Economics Research (UNU-WIDER), together with its partners, now invites interested participants to apply for the Southern Africa – Towards Inclusive Economic Development (SA-TIED) Young Scholars programme. The...
Vacancy closed: 11 October
Enterprise development
Public revenue
Macro modelling
Inequality
Climate and energy
Regional growth
Working paper
The research proposes a general approach to assessing and accurately quantifying fiscal obligations and the state’s contingent liabilities that arise from financing infrastructure projects through public-private partnerships (PPPs). It includes a method for assessing the...
July 2019
Macro modelling
In the media
A recent working paper from the SA-TIED programme’s body of new research has been featured in the largest business weekly in South Africa. The Financial Mail’s feature is headlined: “Reserve Bank vindicated — the critics...
July 2019
Macro modelling
Working paper
This paper introduces a framework of advisory basic principles to be employed by users of economy-wide models such as those used in policy analysis in South Africa and in SA-TIED papers.
April 2019
Macro modelling
Technical workshop
16 Apr 2019 / 09:00
to
17 Apr 2019 / 17:00
Macro modelling
SA-TIED research specialists in statistics, quantitative analysis, and econometrics, from the workstream on macroeconomic modelling for policy formulation, will host a two day workshop in Pretoria, South Africa at the National Treasury. The workshop is...