Browsing Working Papers (Economics) by Title

Browsing Working Papers (Economics) by Title

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  • Valuation ratios and stock price predictability in South Africa : is it there? 
    Gupta, Rangan; Modise, Mampho P. (University of Pretoria, Department of Economics, 2010-07)
    Using monthly South African data for 1990:01-2009:10, this paper, to the best of our knowledge, is the first to examine the predictability of real stock prices based on valuation ratios, namely, price-dividend and ...
  • Vicious and virtuous circles : the political economy of unemployment 
    Naraidoo, Ruthira; Minford, Patrick (University of Pretoria, Department of Economics, 2009-06)
    We develop an empirical nonlinear model of equilibrium unemployment and test its policy implications for a number of OECD countries. The model here sees the natural rate and the associated equilibrium path of unemployment ...
  • Who would eat more with a food voucher programme in South Africa? 
    Van Heerden, J.H. (Jan Horn), 1957- (University of Pretoria, Department of Economics, 2008-12)
    A Computable General Equilibrium model is used to find the effects of a food voucher scheme on the economy in South Africa. If firms consider the issuing of vouchers as increased remuneration, they will hire fewer ...
  • Zimbabwe's black market for foreign exchange 
    Makochekanwa, Albert (University of Pretoria, Department of Economics, 2007-07)
    This paper looks into the changes of the black market premium for foreign exchange in Zimbabwe. Generally, the black market for foreign exchange arises as a direct consequence of the adoption of exchange rate controls ...
  • Zimbabwe's hyperinflation money demand model 
    Makochekanwa, Albert (University of Pretoria, Department of Economics, 2007-07)
    The research attempts to empirically study the demand for money, especially the magnitudes of the price expectation and real cash balance adjustment for Zimbabwe. Price expectation and real cash balance adjustment models ...
  • Zone targeting monetary policy preferences and financial market conditions : a flexible nonlinear policy reaction function of the SARB monetary policy 
    Naraidoo, Ruthira; Raputsoane, Leroi Jeremia (University of Pretoria, Department of Economics, 2010-03)
    Based on a representation of policymaker’s preferences that capture inflation zone, targeting behaviors, we estimate a flexible model of the monetary policy reaction function of the South African Reserve Bank (SARB). To ...