|
|
|
|
| LEADER |
02182cas a2200253 a 4500 |
| 001 |
AALejournalIMF016834 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781484383490
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Hlatshwayo, Sandile.
|
| 245 |
1 |
4 |
|a The Consequences of Policy Uncertainty :
|b Disconnects and Dilutions in the South African Real Effective Exchange Rate-Export Relationship /
|c Sandile Hlatshwayo, Magnus Saxegaard.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2016.
|
| 300 |
|
|
|a 1 online resource (30 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a In recent years, the link between the real effective exchange rate (REER) and exports in South Africa has weakened. While exports still rise in response to REER depreciations, the REER-export elasticity is below historical estimates. The literature has put forward a number of possible explanations, from multi-national supply-chains to muted exchange rate pass-through. This research explores the role of policy uncertainty in reducing the responsiveness of exports to relative price changes. We construct a novel 'news chatter' measure of policy uncertainty and examine how it, paired with other supply-side constraints, can improve our understanding of export performance. We find that increased policy uncertainty diminishes the responsiveness of exports to the REER and has short and long-run level effects on export performance. Finally, we show that a measure of competitiveness that adjusts for uncertainty and supply-side constraints greatly outperforms the REER in tracking exports performance.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Saxegaard, Magnus.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2016/113
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2016/113/001.2016.issue-113-en.xml
|z IMF e-Library
|