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Gumata, Nombulelo

Labour Market and Fiscal Policy Adjustments to Shocks

Gumata, Nombulelo - Labour Market and Fiscal Policy Adjustments to Shocks, ebook

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ISBN: 9783319665207
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Table of contents

Part 1. Labour Market Characteristics and Monetary Policy

1. Introduction
Nombulelo Gumata, Eliphas Ndou

2. Does the Beveridge Curve Exist in the South African Case, and What Are the Implications for Monetary Policy?
Nombulelo Gumata, Eliphas Ndou

3. Does the Unemployment Invariance Hypothesis Hold in South Africa?
Nombulelo Gumata, Eliphas Ndou

4. Does Price Stability Benefit from a Positive Shock in the Labour Force Participation Rate?
Nombulelo Gumata, Eliphas Ndou

5. Is There an Inflation–GDP Growth–Employment Nexus in South Africa Within the 6 per cent Inflation Threshold?
Nombulelo Gumata, Eliphas Ndou

Part 2. The Minimum Wage and Theoretical Predictions

6. Which Labour Market Structure Model Predictions Are Consistent with the Effects of a Minimum Wage on Inflation in South Africa?
Nombulelo Gumata, Eliphas Ndou

7. The Minimum Wage, Income Inequality and the Price-Stability Mandate
Nombulelo Gumata, Eliphas Ndou

8. The Efficiency Wage Hypothesis, Labour Productivity and the Minimum Wage
Nombulelo Gumata, Eliphas Ndou

9. The Impact of the Minimum Wage on Capital-Labour Ratio Dynamics
Nombulelo Gumata, Eliphas Ndou

Part 3. Labour Market Reforms and Price Stability

10. Labour Market Reforms and the Price Stability Mandate
Nombulelo Gumata, Eliphas Ndou

11. Loosening in Collective Bargaining Impact on CPI and Inflation Expectations
Nombulelo Gumata, Eliphas Ndou

12. Labour Market Reforms, Unit Labour Costs Shocks and Inflation Persistence
Nombulelo Gumata, Eliphas Ndou

Part 4. Labour Market Conditions, Labour Productivity, Inflation Expectations and Monetary Policy

13. The Labour Market Conditions Channel in the Transmission of Positive Inflation and Inflation Expectation Shocks to the Repo Rate Reaction
Nombulelo Gumata, Eliphas Ndou

14. Real Interest Rate Shock, Labour Productivity and the 6 per cent Inflation Threshold
Nombulelo Gumata, Eliphas Ndou

15. Capital Flow Surges and Sudden Stops Impact on the Sectorial Composition of Employment and Productivity Growth
Nombulelo Gumata, Eliphas Ndou

16. Labour Productivity Growth and Inflation Expectations
Nombulelo Gumata, Eliphas Ndou

Part 5. Labour Market Interactions with Selected Macroprudential Tools and Monetary Policy

17. Labour Market Conditions Shocks and Credit Growth
Nombulelo Gumata, Eliphas Ndou

18. Weak Labour Productivity, Tight Credit Conditions and Monetary Policy
Nombulelo Gumata, Eliphas Ndou

19. Labour Productivity and Labour Market Conditions Impact on Household Debt
Nombulelo Gumata, Eliphas Ndou

20. Labour Market Reforms, Inflation Expectations and the Banks’ Required Reserves Channel
Nombulelo Gumata, Eliphas Ndou

Part 6. The Interaction Between the Public–Private Sector Wages and Employment Growth

21. Price Stability Impact on Wage Growth in the Public and Private Sectors
Nombulelo Gumata, Eliphas Ndou

22. Public and Private Sector Employment and the Jobs Displacement Effects
Nombulelo Gumata, Eliphas Ndou

23. Public-Sector Wages and Implications for the Budget Balance
Nombulelo Gumata, Eliphas Ndou

24. The Economic Policy Uncertainty Channel and Employment Dynamics
Nombulelo Gumata, Eliphas Ndou

Part 7. Nominal Wage Dynamics and Price Stability

25. The Inflation–Wage Spiral, Inflation Expectations and Monetary Policy
Nombulelo Gumata, Eliphas Ndou

26. The 6 Per cent Inflation Threshold and the Transmission of Nominal Wage Shocks to Inflation Expectations
Nombulelo Gumata, Eliphas Ndou

Part 8. The Fiscal Policy Taxation Channel

27. Do Government Debt Thresholds Impact the Transmission of Tax Shock Effects to GDP Growth?
Nombulelo Gumata, Eliphas Ndou

28. Fiscal Policy Variables Shock Impact on Inflation and GDP Growth
Nombulelo Gumata, Eliphas Ndou

29. Income Tax Shocks and the Inflation-Output Volatility Trade-Offs
Nombulelo Gumata, Eliphas Ndou

30. Do Positive Tax Revenue Shocks Impact Financial and Credit Conditions?
Nombulelo Gumata, Eliphas Ndou

31. Tax Revenue Shocks Effects on TheRepo Rate and Inflation
Nombulelo Gumata, Eliphas Ndou

Part 9. The Fiscal Policy Government Spending Cuts Channel

32. Does Government Spending Transmit Inflation to GDP Growth?
Nombulelo Gumata, Eliphas Ndou

33. Fiscal Spending Cut Effects on CPI Inflation and Monetary Policy Cycles
Nombulelo Gumata, Eliphas Ndou

Part 10. The Government Consumption Spending, Lending Spreads and the Cost of Borrowing Channels

34. Do Sovereign Yield Spreads Transmit Contractionary Fiscal PolicyShocks?
Nombulelo Gumata, Eliphas Ndou

35. Fiscal Policy and Sovereign Spread Shocks: Risks and Policy Implications
Nombulelo Gumata, Eliphas Ndou

36. How Potent Is the Output Channel of Borrowing Costs?
Nombulelo Gumata, Eliphas Ndou

37. How Does a Positive Borrowing Costs Shock Impact Price Stability?
Nombulelo Gumata, Eliphas Ndou

Part 11. Fiscal Policy, the Current Account and Transmission to Credit

38. Fiscal Policy Shocks and the Current Account
Nombulelo Gumata, Eliphas Ndou

39. The Impact of Six Per cent Inflation on M3 and Credit on GDP
Nombulelo Gumata, Eliphas Ndou

40. Does Inflation Neutralise the Multiplier Effects of Expansionary Monetary and Fiscal Policy on GDP Growth?
Nombulelo Gumata, Eliphas Ndou

Keywords: Finance, International Finance, African Economics, Energy Policy, Economics and Management

Author(s)
 
Publisher
Springer
Publication year
2017
Language
en
Edition
1
Page amount
51 pages
Category
Economy
Format
Ebook
eISBN (PDF)
9783319665207
Printed ISBN
978-3-319-66519-1

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