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Reflections of macroeconomic policy since 1995, from NICE to VICE – and back again?

· Lesetja Kganyago, Governor of the South African Reserve Bank (South Africa)

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· Lesetja Kganyago Wiki · South African Reserve Bank WikiReflections of macroeconomic policy since 1995, from NICE to VICE – and back again?

ContextAddress by Lesetja Kganyago, Governor of the South African Reserve Bank, at the Centre for Education in Economics (CEEF) Africa, Johannesburg, 28 September 2022.

Why it mattersKganyago reviews South Africa's macroeconomic policy since 1995.

Problems raised
  1. The global macroeconomy is very challenging.
  2. South Africa once faced a debt trap.
  3. Balance-of-payments constraints limited growth.
Solutions proposed
  1. Learn from past macroeconomic reforms.
  2. Avoid debt crises.
  3. Maintain policy discipline.
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