Uncertainty Shocks In Africa
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Uncertainty Shocks In Africa
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Author : Giuseppe T. Cirella
language : en
Publisher:
Release Date : 2023
Uncertainty Shocks In Africa written by Giuseppe T. Cirella and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
This book explores in detail how African countries dealt with the pandemic and how it affected different aspects of different economies and social structures. Observing how human beings change the environment and, specifically, how population growth and urbanization negatively impact nature, recently shocked economies and social upheaval in Africa indicate a crossroads moment for the continent. The book further adds to the knowledge base of how to build a more robust Africa with sustainable solutions working in tandem with vibrant and robust economies. Commonsense social strategies go hand in hand with trackable shocked economies via first- and second-moment reactions. Uncertainty shocks, in this case, interrelate via an umbrella effect. The authors evaluate theories of impact shocks using a sustainable growth and change model. Finally, key topics incorporate new urban thinking for economic recovery, developing sustainable economies post-COVID-19, understanding social practices during a crisis, and developing community robustness via shock events. The book integrates an interdisciplinary approach to understanding how to best mitigate the COVID-19 crisis as well as reduce future shocks to the African continent. It raises vital questions connecting the effects of lockdown measures, crisis causation, and shock impacts most countries faced over the last two-year period. The answers to these questions are not limited to economists and sociologists, instead, they magnify to include policymakers and everyday people. The nature of this book is to help piece together solutions for preparedness, a stronger understanding of sound development, and a united and resilient Pan-Africanism to best handle future shock events.
Inequality Output Inflation Trade Off And Economic Policy Uncertainty
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Author : Eliphas Ndou
language : en
Publisher: Springer
Release Date : 2019-08-13
Inequality Output Inflation Trade Off And Economic Policy Uncertainty written by Eliphas Ndou and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-08-13 with Business & Economics categories.
This book focuses on income inequality, output-inflation trade-off and economic policy uncertainty in South Africa. Tight monetary and macroprudential policies raise income inequality. Income inequality transmits monetary policy and macroprudential policy shocks to real economic activity. Economic policy uncertainty influences the dynamics in the lending rate margins, inflation expectations, credit, pass-through of the repo rate to bank lending rates and companies’ cash holdings. The trade-off between output and inflation and output growth persistence vary with inflation regimes. Stimulatory demand policy shocks are less effective in high inflation regime. High income inequality raises consumption inequality, which raises demand for credit, but price stability matters in this link. Increased bank concentration raises income inequality, lowers economic growth and employment rate. Elevated economic policy uncertainty lowers output growth, lowers capital formation, reduces credit and raises companies’ cash holdings. Increased companies’ cash holdings reduce capital formation and impact the transmission of expansionary monetary policy shocks to real economic activity. This book shows there is an inflation level within the target band below it which lowers income inequality, while raising GDP growth and employment. Thus price stability, economic policy uncertainty and income inequality matter for the efficient transmission of policy shocks.
Global Economic Uncertainties And Exchange Rate Shocks
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Author : Eliphas Ndou
language : en
Publisher: Springer
Release Date : 2018-01-08
Global Economic Uncertainties And Exchange Rate Shocks written by Eliphas Ndou and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-08 with Business & Economics categories.
This book examines the macroeconomic and regulatory impact of domestic and international shocks on the South African economy resulting from the 2009 financial crisis. It also assesses the impact of the US economy’s eventual recovery from the crisis and the prospect of higher US interest rates in future. Told in three parts, the book explores associations between economic growth, policy uncertainty and the key domestic and international transmission channels, and transmission effects, of global financial regulatory and domestic macro-economic uncertainties on subdued and volatile economic recovery, financial channels, lending rate margins, and credit growth. The book concludes by extending its focus to the role of US monetary policy, capital flows and rand/US dollar volatility on the South African economy.
Uncertainty Shocks In Africa
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Author : Giuseppe T. Cirella
language : en
Publisher: Springer Nature
Release Date : 2023-02-03
Uncertainty Shocks In Africa written by Giuseppe T. Cirella and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-02-03 with Business & Economics categories.
This book explores in detail how African countries dealt with the pandemic and how it affected different aspects of different economies and social structures. Observing how human beings change the environment and, specifically, how population growth and urbanization negatively impact nature, recently shocked economies and social upheaval in Africa indicate a crossroads moment for the continent. The book further adds to the knowledge base of how to build a more robust Africa with sustainable solutions working in tandem with vibrant and robust economies. Commonsense social strategies go hand in hand with trackable shocked economies via first- and second-moment reactions. Uncertainty shocks, in this case, interrelate via an umbrella effect. The authors evaluate theories of impact shocks using a sustainable growth and change model. Finally, key topics incorporate new urban thinking for economic recovery, developing sustainable economies post-COVID-19, understanding social practices during a crisis, and developing community robustness via shock events. The book integrates an interdisciplinary approach to understanding how to best mitigate the COVID-19 crisis as well as reduce future shocks to the African continent. It raises vital questions connecting the effects of lockdown measures, crisis causation, and shock impacts most countries faced over the last two-year period. The answers to these questions are not limited to economists and sociologists, instead, they magnify to include policymakers and everyday people. The nature of this book is to help piece together solutions for preparedness, a stronger understanding of sound development, and a united and resilient Pan-Africanism to best handle future shock events.
Regional Economic Outlook April 2019 Sub Saharan Africa
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Author : International Monetary Fund. African Dept.
language : pt-BR
Publisher: International Monetary Fund
Release Date : 2019-04-12
Regional Economic Outlook April 2019 Sub Saharan Africa written by International Monetary Fund. African Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-12 with Business & Economics categories.
The economic recovery in sub-Saharan Africa is expected to continue, but at a slower pace than envisaged in October 2018. This weaker outlook reflects domestic and external challenges. On the external side, the global expansion is losing momentum, including in China and the euro area, trade tensions remain elevated, global financial conditions have tightened, and commodity prices are expected to remain low. On the domestic front, security challenges, climate shocks, and policy uncertainty are hampering investment and weighing on economic prospects in several countries. Under current policies, medium-term average growth for the region is expected to continue to fall well short of what is needed to absorb the new entrants to the labor force and to deliver limited gains in living standards.
The Effects On Growth Of Commodity Price Uncertainty And Shocks
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Author : Jan Dehn
language : en
Publisher: World Bank Publications
Release Date : 2000
The Effects On Growth Of Commodity Price Uncertainty And Shocks written by Jan Dehn and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Agricultural prices categories.
The author estimates the effects on growth of commodity price shocks, and uncertainty within an established empirical growth model. Ex-post shocks, and ex-ante uncertainty have been treated in the empirical literature as if they were synonymous. But they are distinct concepts, and it is both theoretically, and empirically inappropriate to treat them as synonymous. He shows that the interaction between policy, and aid is robust to the inclusion of variables capturing commodity price movements. More important, his approach departs in three ways from earlier empirical studies of the subject: 1) It deals with issues of endogeneity, without incurring an excessive loss of efficiency. 2) It defines the dependent variable to allow an assessment of the longer-term implications of temporary trade shocks. 3) It imposes no priors on how commodity price movements affect growth, but compares and contrasts a range of competing shock, and uncertainty specifications. The author resolves the disagreement about the long-run effect of positive shocks on growth, finding that positive shocks have no long-run impact on growth (that windfalls from trade shocks do not translate into sustainable increases in income). He shows that negative shocks have large, highly significant, and negative effects on growth, but that commodity price uncertainty does not affect growth.
Achieving Price Financial And Macro Economic Stability In South Africa
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Author : Nombulelo Gumata
language : en
Publisher: Springer Nature
Release Date : 2021-05-27
Achieving Price Financial And Macro Economic Stability In South Africa written by Nombulelo Gumata and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-27 with Business & Economics categories.
This book explores the macro-financial effects of central bank balance sheets, macro-prudential tools, and financial regulation in South Africa. How employment can be maximised while keeping inflation low and stable is examined in relation to the structural changes required to alter the composition of South African bank balance sheets. Quantitative methods and approaches are utilised to highlight the impact of suggested policies. This book aims to outline strategies and policy interventions that can help achieve the National Development Plan in South Africa. It will be of interest to researchers and policymakers working within development economics, African economics, development finance, and financial policy.
Ghana
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Author : Deborah Pellow
language : en
Publisher: Westview Press
Release Date : 1986
Ghana written by Deborah Pellow and has been published by Westview Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with History categories.
Monetary Policy And The Economy In South Africa
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Author : M. Ncube
language : en
Publisher: Springer
Release Date : 2013-08-30
Monetary Policy And The Economy In South Africa written by M. Ncube and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-30 with Business & Economics categories.
Monetary Policy and the Economy in South Africa covers both modern theories and empirical analysis, linking monetary policy with relating house wealth, drivers of current account based on asset approach, expenditure switching and income absorption effects of monetary policy on trade balance, effects of inflation uncertainty on output growth and international spill overs. Each chapter uses data and relevant methodology to answer empirical and pertinent policy questions in South Africa. The book gives new insights into understanding these areas of economic policy and the wider emerging-markets.
Capital Flows Credit Markets And Growth In South Africa
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Author : Nombulelo Gumata
language : en
Publisher: Springer Nature
Release Date : 2019-12-11
Capital Flows Credit Markets And Growth In South Africa written by Nombulelo Gumata and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-11 with Business & Economics categories.
This book examines the dynamics in capital flows, credit markets and growth in South Africa. The authors explore the role of global economic growth, policy shifts and various economic policy uncertainties. Central banks in advanced economies are engaged in unconventional monetary policy tools such as balance sheet policies, negative interest rates and extended forward guidance to assist them to meet their price, financial and macro-economic stability objectives. This book determines whether BRICS GDP growth is a source of shocks or an amplifier of global growth shocks. The authors find that global economic growth and policy uncertainty reinforce each other via capital flows, credit conditions and business confidence on the domestic economy. Furthermore, they demonstrate that there is momentum in the changes in the spread between the repo rate and federal funds rate. In addition, global real policy rates impact domestic GDP growth and labor market conditions. The authors examine the economic costs of capital flow surges, sudden stops and elevated portfolio volatility shocks and their interaction with GDP growth and credit. They show that equity and debt inflows matter in the attainment of the price stability mandate. Moreover, business confidence transmits sovereign credit ratings upgrades and downgrades shocks to the real economy via GDP growth, the cost of government debt and borrowing to impact credit growth. High GDP growth increases the likelihood of sovereign credit ratings upgrades, hence policymakers should implement pro-growth policies. Inflation regimes impact the transmission of positive nominal demand shocks to the price level. Low and stable inflation (inflation below 4.5 per cent) reduces the pass-through of positive nominal demand shocks to inflation.