Research in progress:
'Liquidity, credit and inflation premia in the South African bond market' (Jens Henrik Eggert Christensen and Daan Steenkamp)
'Spillover of US Monetary Policy Shocks via Policy Expectations and Risk Premia' (Abhishek Kumar and Daan Steenkamp)
'How is the ZAR affected by economic surprises and political uncertainty' (Rhea Choudhary, Matthew Greenwood-Nimmo, Daan Steenkamp)
In the Media (selected recent items):
Understanding SA’s investment freeze
Business Day · 22 August, 2025
Time to reform Reserve Bank governance
Business Day · 6 June, 2025
Mining patent data shows innovation is lagging
Business Day · 24 April, 2025
Printing money does not create jobs
Business Day · 28 March, 2025
Gaps in the SARB’s inflation-targeting debate
Currency news · 10 February, 2025
SARB's Schizophrenic Policy Guidance
Currency news · 3 February, 2025
Why is there no correlation between patents and productivity in SA?
Business Day · 21 January, 2025
The many and varied impediments to starting a business in SA
Business Day · 2 December, 2024
Time for the data policy space to mature
Business Day · 13 November, 2024
Not behind the curve, but rates may not fall as much as hoped
Business Day · 10 October, 2024
Is AI copyright medieval or Marxist?
Business Day · 27 September, 2024
SA must modernise its data ecosystem
Business Day · 13 September, 2024
What the shifting payments landscape means for banks’ profits
Business Day · 4 September, 2024
Low trend inflation best time to cut target
Business Day · 29 July, 2024
Laudable national data and cloud policy will enhance landscape
Business Day · 15 July, 2024
Reserve Bank could do much more to increase transparency
Business Day · 7 July, 2024
Government protection keeps SA on a low-growth path
Business Day · June 18, 2024
Business Day · June 13, 2024
Perhaps it’s time for Reserve Bank to review its modelling and forecasting
Business Day · May 29, 2024
Business Day · May 14, 2024
SA has not felt tight grip of austerity, yet
Business Day · Apr 11, 2024
Central banks should stop pretending they know the future
Business Day · Apr 4, 2024
More monetary policy guidance, please
Business Day · Mar 25, 2024
Practical measures needed to remove barriers to SA’s growth
Business Day · Nov 17, 2023
How SA’s data ecosystem stacks up globally
Business Day · Nov 7, 2023
Excessive public sector wage growth is the problem
Business Day · Jul 28, 2023
Let the market do its work and help supervise banks (with Pietman Roos)
Business Day · Jun 26, 2023
An unfair critique of the consulting industry
Business Day · June 1, 2023
To go BIG or not? (with Hylton Hollander and Roy Havemann)
Business Day · Jan 30, 2023
Why the DSD’s basic income grant report is flawed (with Hylton Hollander and Roy Havemann)
Moneyweb · Dec 15, 2022
A basic income grant for South Africa: more money in poor people’s pockets, but at a heavy cost (with Hylton Hollander and Roy Havemann)
The Conversation · Oct 4, 2022
Slides
Gaps in the South African Inflation targeting debate
Macroeconomic implications of Basic Income Grants
Working with data in SA: Challenges and Opportunities
Banking ROE: Implications of shifts in the payments landscape
Democratising data for decision-ready analytics
Publications:
Matthew Greenwood-Nimmo, Daan Steenkamp, Rossouw van Jaarsveld, (2025). ''Risk and Return Spillovers among Developed and Emerging Market Currencies', Journal of International Financial Markets, Institutions & Money. Volume 98, January 2025.
Matthew Greenwood-Nimmo, Daan Steenkamp, Rossouw van Jaarsveld, (2024). 'A bank-level analysis of interest rate pass-through in South Africa', Journal of Macroeconomics.
Hollander, Havemann and Steenkamp (2023), 'The macroeconomics of establishing a basic income grant in South Africa', South African Journal of Economics, December.
Botha, Byron & Burger, Rulof & Kotzé, Kevin & Rankin, Neil & Steenkamp, Daan. (2022). Big data forecasting of South African inflation. Empirical Economics.
Byron Botha, Geordie Reid, Tim Olds, Daan Steenkamp and Rossouw van Jaarsveld, 2021. "Nowcasting South African GDP using a suite of statistical models," South African Journal of Economics, September.
Working papers:
Jens Henrik Eggert Christensen and Daan Steenkamp, (2025). 'Joint Estimation of Liquidity and Credit Risk Premia in Bond Prices with an Application', Working Paper, South African Reserve Bank.
Matthew Greenwood-Nimmo, Daan Steenkamp and Rossouw van Jaarsveld 2022. ''Can information on the distribution of ZAR returns be used to improve SARBs ZAR forecasts?' SARB Working Paper.
Steenkamp, Daan & Havemann, Roy & Hollander, Hylton, 2022. "The macroeconomics of establishing a basic income grant in South Africa," ERSA Working Paper 881.
Howard Diesel, Mukelani Nkuna, Tim Olds and Daan Steenkamp (2022), 'The cost of complying with Basel 3 liquidity regulations for South African banks', Working Paper, South African Reserve Bank.
Matthew Greenwood-Nimmo & Daan Steenkamp & Rossouw van Jaarsveld, 2022. "A banklevel analysis of interest rate passthrough in South Africa," Working Papers 11027, South African Reserve Bank.
Roy Havemann & Henk Janse van Vuuren & Daan Steenkamp & Rossouw van Jaarsveld, 2022. "The bond market impact of the South African Reserve Bank bond purchase programme,"Working Papers 11024, South African Reserve Bank.
Byron Botha & Rulof Burger & Kevin Kotz & Neil Rankin & Daan Steenkamp, 2022. "Big data forecasting of South African inflation," Working Papers 11022, South African Reserve Bank.
Ruan Erasmus and Daan Steenkamp (2022). 'South Africa’s yield curve conundrum'. ERSA Discussion Document 07.
Ruan Erasmus and Daan Steenkamp (2022). 'The South African sovereign term premium and its drivers'. ERSA Discussion Document 15.
Ruan Erasmus and Daan Steenkamp (2022). 'Term premium estimation for South Africa' (2022). Journal of Applied Economic Sciences.
Matthew Greenwood-Nimmo & Daan Steenkamp & Rossouw van Jaarsveld, 2021. "Risk and Return Spillovers in a Global Model of the Foreign Exchange Network," Working Papers 11014, South African Reserve Bank.
Tim Olds & Daan Steenkamp, 2021. "Estimates of banklevel funding costs in South Africa," Working Papers 11005, South African Reserve Bank.
Byron Botha & Lauren Kuhn & Daan Steenkamp, 2020. "Is the Phillips curve framework still useful for understanding inflation dynamics in South Africa?," Working Papers 10211, South African Reserve Bank.
Eyollan Naidoo & Mukelani Nkuna & Daan Steenkamp, 2020. "Developments in debt issuance costs of South African banks," Working Papers 10157, South African Reserve Bank.
Luchelle Soobyah & Daan Steenkamp, 2020. "Term premium and rate expectation estimates from the South African yield curve," Working Papers 9998, South African Reserve Bank.
Mpho Rapapali & Daan Steenkamp, 2020. "Developments in bank funding costs in South Africa," Working Papers 9818, South African Reserve Bank.
Luchelle Soobyah & Daan Steenkamp, 2019. "The role of the rand as a shock absorber," Working Papers 9254, South African Reserve Bank.
Steenkamp, D (2017). 'How bubbly is the New Zealand dollar?' Reserve Bank of New Zealand Discussion paper.
Articles:
Aidan J. Horn, Lisa Martin, Jan H. Pretorius, Daan Steenkamp (2025). 'Gaps in the South African inflation targeting debate'. Codera Policy Paper 25-1.
Fourie, Jurgens & Steenkamp, Daan, 2025. "Forecasting economic downturns in South Africa using leading indicators and machine learning," Codera Policy Brief 2025-2.
Neilon, Gabriella & Steenkamp, Daan, 2025. "Exchange rate pass-through in South Africa using a non-linear asymmetric cointegration approach" Codera Policy Brief 2025-3.
Byron Botha & Nqaba Duma & Daan Steenkamp, 2021. "A Truckometer for South Africa," Occasional Bulletin of Economic Notes 11015, South African Reserve Bank.
Luchelle Soobyah & Daan Steenkamp, 2021. "Has publication of a repo path provided guidance," Occasional Bulletin of Economic Notes 11019, South African Reserve Bank.
Tim Olds, Daan Steenkamp and Rossouw van Jaarsveld (2021). 'The impact of global FX liquidity on the rand'. ERSA Policy Bulletin.
Julius Pain & Mpho Rapapali & Daan Steenkamp, 2020. "Industry TFP estimates for South Africa," Occasional Bulletin of Economic Notes 10412, South African Reserve Bank.
Luchelle Soobyah & Daan Steenkamp, 2020. "A measure of South Africa’s sovereign risk premium," Occasional Bulletin of Economic Notes 10009, South African Reserve Bank.
Daan Steenkamp, 2019. "Rand Misalignment- Evidence from Bayesian Threshold VECMs," Occasional Bulletin of Economic Notes 9342, South African Reserve Bank.