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Macroeconomics. --- South Africa --- Economic conditions. --- Economic policy.

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How does the South African government react to changes in its debt position? In investigating the question, this paper estimates fiscal reaction functions using various methods (OLS, VAR, TAR, GMM, State-Space modelling and VECM). The paper finds that since 1946 the South African government has ran a sustainable fiscal policy, by reducing the primary deficit or increasing the surplus in response to rising debt. Looking ahead, the paper considers the use of fiscal reaction functions to forecast the debt/GDP ratio and gauging the likelihood of achieving policy goals with the aid of probabilistic simulations and fan charts.

Finance --- Banks and Banking --- Macroeconomics --- Public Finance --- Production and Operations Management --- Fiscal Policy --- Macroeconomics: Production --- Debt --- Debt Management --- Sovereign Debt --- Interest Rates: Determination, Term Structure, and Effects --- Public finance & taxation --- Fiscal stance --- Output gap --- Public debt --- Fiscal policy --- Real interest rates --- Production --- Economic theory --- Debts, Public --- Interest rates --- South Africa

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Taking the growing South African mining town of Emalahleni as a case study, this book investigates whether a just transition from coal-generated energy is possible and what the local implications of this global restructuring of the energy sector will be.

Coal mines and mining --- Energy development --- Energy transition --- POLITICAL SCIENCE / Public Policy / City Planning & Urban Development. --- Global energy transition --- Transition, Energy --- Transition, Global energy --- Energy resources development --- Energy source development --- Power resources development --- Power resources --- Coal mining --- Collieries --- Energy industries --- Mines and mineral resources