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IfPolicymakers have responded with expansionary fiscal and monetary policy and the government has implemented a R500bn support package and the Reserve Bank has reduced the

IfPolicymakers have responded with expansionary fiscal and monetary policy and the government has implemented a R500bn support package and the Reserve Bank has reduced the repo rate and extended liquidity in the bond market. which models can be used and explain the impact of the crisis and the policy reaction on the level of output, the interest rate and the price level in South Africa.

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