Table 1

Economic variables used

VariablesDescriptionSource
crbtClaims on reserve bank governmentIMF (2023) 
intrtLending Rate Monetary aggregatesIMF (2023) 
m3tMoney supply: M3IMF (2023) 
infltInflation, consumer prices (annual %)SARB (2024) 
m_ptInflation, GDP deflator (annual %)IMF (2023) 
gdcytNational government deficit or surplus as % of GDPIMF (2023) 
gdtTotal gross loan debt as a percentage of GDPSARB (2024) 

Source(s): Table computed by the author

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