Details about Nicola Viegi

Access statistics for papers by Nicola Viegi.

Last updated 2025-03-17. Update your information in the RePEc Author Service.

Short-id: pvi10

Working Papers

2024

1. Can monetary and fiscal policy account for South Africas economic stagnation
   Working Papers, South African Reserve Bank
2. Change of the SARBs preferred inflation target in 2017 the conditional forecast story
   Occasional Bulletin of Economic Notes, South African Reserve Bank
3. Economic Stability in Small Open Economy under the Shadow of International Financiers
   Working Papers, HAL
4. Regulation and bank lending in South Africa a narrative index approach
   Working Papers, South African Reserve Bank
   See also Journal Article Regulation and Bank Lending in South Africa: A Narrative Index Approach, South African Journal of Economics, Economic Society of South Africa (2025) (2025)
5. The Bank Lending Channel of Monetary Policy Transmission in South Africa
   Working Papers, University of Pretoria, Department of Economics
   Also in Working Papers, South African Reserve Bank (2024)
6. Trouble Every Day: Monetary Policy in an Open Emerging Economy
   Working Papers, University of Pretoria, Department of Economics
   Also in SciencePo Working papers Main, HAL (2024)
   Working Papers, HAL (2024)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)

2023

7. Changing the inflation target in emerging markets: the reward of reducing risk
   Post-Print, HAL
   See also Journal Article Changing the inflation target in emerging markets: the reward of reducing risk, Economics Bulletin, AccessEcon (2023) (2023)
8. Investigating unemployment hysteresis in South Africa
   Working Papers, South African Reserve Bank
9. Is South Africa falling into a fiscal dominant regime
   Working Papers, South African Reserve Bank
   Also in Working Papers, South African Reserve Bank (2023)

2022

10. An analysis of central bank decision-making
    Bruegel Policy Brief, Bruegel View citations (1)
11. Can National Treasury do contractionary monetary policy
    Working Papers, South African Reserve Bank

2021

12. Estimating a New Keynesian Wage Phillips Curve
    Working Papers, University of Pretoria, Department of Economics
13. Hysteresis without Hope: investigating unemployment persistence in South Africa
    MPRA Paper, University Library of Munich, Germany View citations (1)
14. Low interest rates in Europe and the US- one trend, two stories
    Bruegel Policy Contributions, Bruegel View citations (2)
15. Sailing into the Wind evaluating the near future of Monetary Policy in South Africa
    Working Papers, South African Reserve Bank View citations (6)
16. The Transmission of Monetary Policy via the Banks' Balance Sheet - Does Bank Size Matter?
    Working Papers, University of Pretoria, Department of Economics View citations (2)
17. The macroeconomic effect of fiscal policy in South Africa: A narrative analysis
    WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) View citations (1)

2020

18. Spillovers of the Conventional and Unconventional Monetary Policy from the US to South Africa
    Working Papers, University of Pretoria, Department of Economics
    See also Journal Article Spillovers of the Conventional and Unconventional Monetary Policy from the US to South Africa, South African Journal of Economics, Economic Society of South Africa (2020) View citations (2) (2020)
19. The monetary policy of the South African Reserve Bank stance communication and credibility
    Working Papers, South African Reserve Bank View citations (6)

2019

20. Why South Africa Is Cheap for the Rich and Expensive for the Poor: Reconsidering the Balassa-Samuelson Effect
    Policy Research Working Paper Series, The World Bank

2018

21. Systemic, Sectoral Risk and the Myth of a Corporate Savings Glut
    World Bank Publications - Reports, The World Bank Group

2016

22. Foreign Aid and Foreign Direct Investment in Sub-Saharan Africa: A Panel Data Analysis
    Working Papers, University of Pretoria, Department of Economics View citations (3)
23. Markups and concentration in South African manufacturing sectors: An analysis with administrative data
    WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) View citations (6)
    See also Journal Article Markups and Concentration in South African Manufacturing Sectors: An Analysis with Administrative Data, South African Journal of Economics, Economic Society of South Africa (2018) View citations (18) (2018)
24. The Political and Economic Dynamics of Foreign Aid: A Case Study of United States and Chinese Aid to Sub-Sahara Africa
    Working Papers, University of Pretoria, Department of Economics View citations (3)

2015

25. Are determinants of portfolio flows always the same? - South African results from a time varying parameter VAR model
    MPRA Paper, University Library of Munich, Germany
    See also Journal Article Are Determinants of Portfolio Flows Always the Same? - South African Results from a Time Varying Parameter Var Model, South African Journal of Economics, Economic Society of South Africa (2017) View citations (1) (2017)
26. Labour Market and Monetary Policy in South Africa
    Working Papers, South African Reserve Bank View citations (8)
    Also in Working Papers, University of Pretoria, Department of Economics (2015) View citations (14)
27. Portfolio Flows in a Two-Country RBC Model with Financial Intermediaries
    Working Papers, University of Pretoria, Department of Economics
    Also in MPRA Paper, University Library of Munich, Germany (2015)

2013

28. Evolution of Monetary Policy Transmission Mechanism in Malawi: A TVP-VAR Approach
    Working Papers, University of Pretoria, Department of Economics View citations (7)
    See also Journal Article EVOLUTION OF MONETARY POLICY TRANSMISSION MECHANISM IN MALAWI: A TVP-VAR APPROACH, Journal of Economic Development, Chung-Ang Unviersity, Department of Economics (2016) View citations (13) (2016)
29. Interaction of Formal and Informal Financial Markets in Quasi-Emerging Market Economies
    Working Papers, University of Pretoria, Department of Economics View citations (21)
    See also Journal Article Interaction of formal and informal financial markets in quasi-emerging market economies, Economic Modelling, Elsevier (2013) View citations (12) (2013)

2012

30. Financial Reforms and Consumption Behaviour in Malawi
    Working Papers, University of Pretoria, Department of Economics
31. Monetary Policy Response to Capital Inflows in Form of Foreign Aid in Malawi
    Working Papers, University of Pretoria, Department of Economics
32. The High-Frequency Response of the Rand-Dollar Rate to Inflation Surprises
    Working Papers, University of Pretoria, Department of Economics View citations (5)
    Also in Working Papers, South African Reserve Bank (2012) View citations (6)

2011

33. Banking Instability and Deposit Insurance: The Role of Moral Hazard
    MPRA Paper, University Library of Munich, Germany View citations (1)
    See also Journal Article Banking Instability and Deposit Insurance: The Role of Moral Hazard, Journal of Applied Economics, Taylor & Francis Journals (2016) View citations (13) (2016)
34. Dynamic Effects of Monetary Policy Shocks in Malawi
    Working Papers, University of Pretoria, Department of Economics View citations (44)
    See also Journal Article DYNAMIC EFFECTS OF MONETARY POLICY SHOCKS IN MALAWI, South African Journal of Economics, Economic Society of South Africa (2011) View citations (42) (2011)

2009

35. How does fiscal policy affect monetary policy in the Southern African Community (SADC)?
    MPRA Paper, University Library of Munich, Germany

2008

36. A Measure for Credibility: Tracking US Monetary Developments
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (28)
    Also in Economics Working Papers, European University Institute (2008) View citations (27)
37. Testing Creative Destruction in an Opening Economy: the Case of the South African Manufacturing Inudstries
    Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE) View citations (6)

2006

38. Aiming for the Bull's Eye: Uncertainty and Inertia in Monetary Policy
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (2)

2005

39. Inflation Targets as Focal Points
    Money Macro and Finance (MMF) Research Group Conference 2005, Money Macro and Finance Research Group View citations (4)
    See also Journal Article Inflation Targets as Focal Points, International Journal of Central Banking, International Journal of Central Banking (2008) View citations (37) (2008)

2001

40. Credibility, Transparency and Asymmetric Information in Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
41. Labour Market Reform and Monetary Policy in EMU: Do Asymmetries Matter?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)

Journal Articles

2025

1. Regulation and Bank Lending in South Africa: A Narrative Index Approach
   South African Journal of Economics, 2025, 93, (1), 73-85
   See also Working Paper Regulation and bank lending in South Africa a narrative index approach, Working Papers (2024) (2024)

2023

2. Changing the inflation target in emerging markets: the reward of reducing risk
   Economics Bulletin, 2023, 43, (3), 1453 - 1457
   See also Working Paper Changing the inflation target in emerging markets: the reward of reducing risk, Post-Print (2023) (2023)

2020

3. Spillovers of the Conventional and Unconventional Monetary Policy from the US to South Africa
   South African Journal of Economics, 2020, 88, (4), 435-471 View citations (2)
   See also Working Paper Spillovers of the Conventional and Unconventional Monetary Policy from the US to South Africa, Working Papers (2020) (2020)

2018

4. Markups and Concentration in South African Manufacturing Sectors: An Analysis with Administrative Data
   South African Journal of Economics, 2018, 86, (S1), 120-140 View citations (18)
   See also Working Paper Markups and concentration in South African manufacturing sectors: An analysis with administrative data, WIDER Working Paper Series (2016) View citations (6) (2016)

2017

5. Are Determinants of Portfolio Flows Always the Same? - South African Results from a Time Varying Parameter Var Model
   South African Journal of Economics, 2017, 85, (1), 3-27 View citations (1)
   See also Working Paper Are determinants of portfolio flows always the same? - South African results from a time varying parameter VAR model, MPRA Paper (2015) (2015)

2016

6. Banking Instability and Deposit Insurance: The Role of Moral Hazard
   Journal of Applied Economics, 2016, 19, (2), 323-350 View citations (13)
   Also in Journal of Applied Economics, 2016, 19, 323-350 (2016) View citations (13)
   See also Working Paper Banking Instability and Deposit Insurance: The Role of Moral Hazard, MPRA Paper (2011) View citations (1) (2011)
7. EVOLUTION OF MONETARY POLICY TRANSMISSION MECHANISM IN MALAWI: A TVP-VAR APPROACH
   Journal of Economic Development, 2016, 41, (1), 33-55 View citations (13)
   See also Working Paper Evolution of Monetary Policy Transmission Mechanism in Malawi: A TVP-VAR Approach, Working Papers (2013) View citations (7) (2013)
8. The Nexus Between Foreign Direct Investment and Foreign Aid: An Analysis of Sub-Saharan African Countries
   The African Finance Journal, 2016, 18, (2), 45-68

2013

9. How colonial education practices helped shape the pattern of decolonization in West Africa
   International Journal of Development and Conflict, 2013, 3, (2), 1-23
10. Interaction of formal and informal financial markets in quasi-emerging market economies
    Economic Modelling, 2013, 31, (C), 614-624 View citations (12)
    See also Working Paper Interaction of Formal and Informal Financial Markets in Quasi-Emerging Market Economies, Working Papers (2013) View citations (21) (2013)
11. Testing creative destruction in an opening economy
    The Economics of Transition, 2013, 21, (3), 419-450 View citations (9)

2012

12. A Credibility Proxy: Tracking US Monetary Developments
    The B.E. Journal of Macroeconomics, 2012, 12, (1), 36 View citations (35)

2011

13. DYNAMIC EFFECTS OF MONETARY POLICY SHOCKS IN MALAWI
    South African Journal of Economics, 2011, 79, (3), 224-250 View citations (42)
    See also Working Paper Dynamic Effects of Monetary Policy Shocks in Malawi, Working Papers (2011) View citations (44) (2011)

2009

14. Inflation Targeting: A Framework for Communication
    The B.E. Journal of Macroeconomics, 2009, 9, (1), 32 View citations (27)

2008

15. Inflation Targets as Focal Points
    International Journal of Central Banking, 2008, 4, (1), 55-87 View citations (37)
    See also Working Paper Inflation Targets as Focal Points, Money Macro and Finance (MMF) Research Group Conference 2005 (2005) View citations (4) (2005)

2004

16. An independent central bank faced with elected governments
    European Journal of Political Economy, 2004, 20, (4), 907-922 View citations (59)

2003

17. Imperfect transparency and the strategic use of information: an ever present temptation for central bankers?
    Manchester School, 2003, 71, (5), 498-520 View citations (23)
18. Labour Market Reform and the Effectiveness of Monetary Policy in EMU
    Journal of Economic Integration, 2003, 18, 726-749 View citations (4)

2002

19. Inflation Targeting as a Coordination Device
    Open Economies Review, 2002, 13, (4), 341-362 View citations (8)

1999

20. Can the ECB be Truly Independent? Should It Be?
    Empirica, 1999, 26, (3), 217-240 View citations (6)