Economics at your fingertips  

Working Paper WP1404 A mediumsized open economy DSGE model of South Africa

Stan Du Plessis (), Ben Smit and Rudi Steinbach

No 6319, Working Papers from South African Reserve Bank

Abstract: In this paper a dynamic stochastic general equilibrium (DSGE) model is specified for the South African economy. Nominal andreal frictions help to make the model estimable, and is then estimated on South African and global data using Bayesian techniques. The empirical fit of the model is validated through a forecast comparison with private sector consensus forecasts. The model is found to outperform the inflation forecasts of private sector economists.

Date: 2014-07-11
New Economics Papers: this item is included in nep-dge, nep-for and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link) ... 2014/6319/WP1404.pdf Revision (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in Working Papers from South African Reserve Bank Contact information at EDIRC.
Bibliographic data for series maintained by Kym Naidoo ().

Page updated 2021-04-20
Handle: RePEc:rbz:wpaper:6319