You are here
Working Paper 157 - How are the US Financial Shocks Transmitted into South Africa? Structural VAR Evidence
This paper investigates the transmission of unanticipated US bond yield increases, monetary stimulus and the federal funds rate tightening shocks into South Africa using small open economy structural VAR models. This investigation will inform policy-makers about channels impacted by external developments, which may make policies designed and targeted at dealing with domestic macroeconomic issues, ineffective.