Working paper (NAMC/WP/2021/001)

The outbreak of Covid-19 disease caused disruption in global supply chains as countries imposed various measures in a bid to contain the coronavirus. This paper examines the nexus between governments’ Covid-19 response measures, real exchange rate and prices of wheat and maize in South Africa. We used daily data (February 07 – September 25, 2020) for the stringency index obtained from Our World Data, import parity and South African Futures Exchange (SAFEX) prices of maize and wheat. We

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