Now showing items 1-2 of 2
Essays on dynamic macroeconomics
(Stellenbosch : Stellenbosch University, 2014-04)
ENGLISH ABSTRACT: In the first essay of this thesis, a medium scale DSGE model is developed and estimated for the South African economy. When used for forecasting, the model is found to outperform private sector economists ...
A macroeconometric policy model of the South African economy based on weak rational expectations with an application to monetary policy
(Stellenbosch : Stellenbosch University, 2000)
ENGLISH ABSTRACT: The Lucas critique states that if expectations are not explicitly dealt with, conventional econometric models are inappropriate for policy analyses, as their coefficients are not policy invariant. The ...