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Identifying Aggregate Supply and Demand Shocks in South Africa Stan du Plessisa Ben Smita and Federico Stureneggerbc aDepartment of Economics University of Stellenbosch Stellenbosch South Africa bKennedy School of Government Harvard University Cambridge MA USA cUniversidad Torcuato Di Tella Buenos Aires Argentina This paper uses a structural VAR methodology to identify .
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· This paper uses a structural VAR methodology to identify aggregate demand and supply shocks to real output for the South African economy. Demand shocks, in turn, are separated into fiscal and monetary shocks. The model is estimated with quarterly data over two overlapping samples: 1960Q22006Q4 and ...
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Identifying Aggregate Supply and Demand Shocks in . aggregate demand and aggregate supply shocks in South Africa for the period since the early 1960s. Theoretically motivated longrun restrictions are used to identify these shocks in a threevariable vectorautoregressive (VAR) model.
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Identifying Aggregate Supply and Demand Shocks in South Africa. Aggregate demand and aggregate supply factors . Aggregate demand and aggregate supply also depend on nonprice factors Consider what affects the purchasing power 1) The effect of wealth Many people keep their savings in assets (term deposits stocks bonds etc ) they have a certain nominal value If there is an increase in prices ...
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