Inequality, Output-Inflation Trade-Off and Economic Policy Uncertainty: Evidence From South Africa
In: Springer eBooks
In: Economics and Finance
In: Springer eBook Collection
1. Introduction -- Part 1: Income inequality and GDP Growth and inflation regime -- 2. Income inequality and GDP growth nexus in South Africa: Does the 4.5 percent consumer price inflation threshold and other channels play a role? -- 3. Does the inflation rate below 4.5 percent matter for the distributional effects of positive inflation shocks on income inequality in South Africa? -- Part 2: Inequality and monetary policy -- 4. Does income inequality channel impact the transmission of monetary policy shocks to economic activity? -- 5. Do monetary policy shocks influence income inequality dynamics in South Africa? -- 6. Does trade openness impact the link between monetary policy and both income inequality and consumption inequality? -- 7. Does financial globalisation impact the link between monetary policy and income inequality? -- Part 3: Role of monetary channel in transmitting shocks to income inequality -- 8. Does monetary policy impact the effects of shares of manufacturing employment shocks on income inequality? -- 9. Is there a role for the monetary policy channel in transmitting positive shocks to the services sector employment shares to income inequality? -- Part 4: Consumption inequality -- 10. Does the consumption inequality channel impact the transmission of positive income inequality shocks to credit dynamics in South Africa? Insights before 2009Q1 -- 11. Does price stability impact the link between income inequality and consumption inequality? -- Part 5: Macroprudential policy and income inequality -- 12. Do positive excess capital adequacy ratio shocks influence the income inequality dynamics in South Africa? -- 13. Does a loose loan to value ratio shock have any distributive effects via the inequality channel? -- 14. Is the National Credit Act a driver of growth of income inequality? -- 15. Can an unexpected loosening in labour market reforms reduce growth of income inequality in South Africa? -- Part 6: Bank concentration and income inequality and other channels -- 16. Do positive bank concentration shocks impact economic growth in South Africa? -- 17. Does the increase in banking concentration impact income inequality in South Africa? -- 18. Do positive bank concentration shocks impact on employment in South Africa? -- Part 7: Output-inflation trade-off and role of inflation regimes -- 19. Is there evidence of the trade offs in output and inflation volatilities in South Africa? -- 20. To what extent does output-inflation trade-off exist in South Africa and is it impacted by the six percent inflation threshold? -- 21. Do inflation regimes affect the transmission of nominal demand shocks to the consumer price level? -- 22. Do positive nominal volatility shocks reduce output-inflation trade off and is there a role for inflation regimes? -- Part 8: Output growth persistence and inflation -- 23. Does the persistence of output growth depend on the inflation regimes? -- 24. Do the effects of expansionary monetary policy shocks on output persistence depend on the inflation regimes? -- 25. Output and policy ineffectiveness proposition: A perspective from single regression equations -- Part 9: Uncertainty, expansionary monetary and fiscal policy multipliers -- 26. Does the economic policy uncertainty channel impact the influence of expansionary monetary policy changes on output dynamics? -- 27. How does inflation impact the effects of expansionary monetary and fiscal policies on real GDP growth? -- 28. The time-varying pass-through of the lending rate responses to the repo rate changes and loan intermediation mark-up -- 29. Do economic policy uncertainty shocks impact bank lending rate margins? -- 30. Does economic policy uncertainty impact the pass-through of the repo rate to bank lending rates? -- Part 10: Economic policy uncertainty and the Lending, Credit and cash holding channels -- 31. Are credit growth reactions to expansionary monetary policy shocks weakened by heightened economic policy uncertainty? -- 32. Do companies' cash holdings impact the transmission of economic policy uncertainty shocks to capital formation? -- 33. Does an increase in the value of companies' cash holdings impact the transmission of expansionary monetary policy shocks? Counterfactual policy analysis -- 34. Does an unexpected reduction in economic policy uncertainty impact inflation expectations?