Summary of Main Findings and Policy Implications

Eliphas Ndou and Nombulelo Gumata
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Nombulelo Gumata: Eldoreigne X3

Chapter Chapter 20 in Fiscal Policy Shocks and Macroeconomic Growth in South Africa, 2023, pp 243-249 from Springer

Abstract: Abstract This chapter presents a summary of the main findings and policy implications contained in the book. This book examined the role of various fiscal policy shocks and their impact on the macroeconomy in South Africa. The fiscal policy stance measured in the form of the budget deficit, government debt-to-GDP ratio, government debt growth, and the cyclically adjusted budget balance indicates that the fiscal policy stance has been highly accommodative since 2009Q1. But nominal and real output growth, investment growth, the unemployment rate, and income inequality have worsened. The book shows how the persistent highly accommodative fiscal policy stance performed post-2009 and the key factors that explain the great disconnect between fiscal policy and the macroeconomy post-2009. Several statistical and econometric techniques, are used to derive policy implications, recommendations, interventions, and initiatives to remedy the great disconnect between the fiscal policy and macroeconomy post-2009.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-37755-6_20

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DOI: 10.1007/978-3-031-37755-6_20

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