@techreport{Heise2007create,
abstract = {Post-apartheid South Africa is facing three major economic problems: (1) slack economic growth, (2) high and growing unemployment and (3) among the world's highest income inequality and poverty indices. South Africa is currently caught in a macro-economic straight-jacket of tight monetary, restrictive fiscal and a wage policy stance that raises NAIRU. The persistence of a sub-optimal 'market constellation' is created by an institutional setting of a non-accommodative Reserve Bank, a sectoral-regional and company level noncoordinated collective bargaining system, an austere 'sound finance regime' of public budgeting and the lack of any institution to co-ordinate macro-economic policy. To tailor a better fitting constellation, a social contract involving major reforms in macro-economic governance in South Africa is proposed.},
address = {Hamburg},
author = {Arne Heise},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E12; E24; E6; O1; O23; 330; Monetary Policy; fiscal policy; wage policy; macro-economic co-ordination; Wirtschaftsreform; Geldpolitik; Finanzpolitik; Lohnpolitik; Konjunkturpolitik; Wachstumspolitik; S\"{u}dafrika},
language = {eng},
number = {22},
publisher = {Univ., Dep. Wirtschaft und Politik},
title = {How to create a growth-oriented market constellation for South Africa},
type = {Arbeitspapiere f\"{u}r Staatswissenschaft},
url = {http://hdl.handle.net/10419/27090},
year = {2007}
}
