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International Financial Integration, Sovereignty, and Constraintson Macroeconomic Policies

Kletzer, Kenneth - 2006

This paper considers the consequences of international financial market integration for national fiscal and monetary policies that derive from the absence of an international sovereign authority to define and enforce contractual obligations across borders. The sovereign immunity of national...

Persistent link: https://www.econbiz.de/10014401979

Commodity Price Shocks and Imperfectly Credible Macroeconomic Policies in Commodity-Exporting Small Open Economies

Medina Guzman, Juan Pablo - 2014

In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the effectiveness of macroeconomic policies to isolate the economy from commodity price fluctuations. We develop a general equilibrium model for a commodity-exporting economy where macro...

Persistent link: https://www.econbiz.de/10014411151

Financial, Exchange Rate, and Wage Policies in Singapore, 1979-1886

International Monetary Fund - 1988

This paper discusses the unique aspects of Singapore’s financial, exchange rate, and wage policies during the period … appropriate wage policy is complementary to exchange rate policy in maintaining external competitiveness in Singapore …

Persistent link: https://www.econbiz.de/10014395760

The Role for Counter-Cyclical Fiscal Policy in Singapore

Eskesen, Leif Lybecker - 2009

Singapore''s policymakers have often used fiscal policy as a counter-cyclical tool. Empirical results based on a …

Persistent link: https://www.econbiz.de/10014404281

Singapore's Unique Monetary Policy : How Does it Work?

Parrado, Eric - 2004

The Monetary Authority of Singapore, instead of relying on short-term interest rates or monetary aggregates as its … Singapore is controlling inflation. The estimated changes in the TWI track the actual change relatively well, and the estimated … parameters are as expected. Accordingly, they support the hypothesis that monetary policy in Singapore can be described by a …

Persistent link: https://www.econbiz.de/10014404129

Financial Liberalization and Money Demand in Asean Countries : Implications for Monetary Policy

Dekle, Robert - 1997

, Malaysia, Singapore, and Thailand since the early 1980s. The empirical results indicate continuing instability in the …

Persistent link: https://www.econbiz.de/10014403342

Optimal monetary and fiscal policy with a zero bound on nominal interest rates

Schmidt, Sebastian - In: Journal of money, credit and banking : JMCB 45 (2013) 7, pp. 1335-1350

Persistent link: https://www.econbiz.de/10010197463

Fiscal sustainability in a new Keynesian model

Leith, Campbell B.; Wren-Lewis, Simon - In: Journal of money, credit and banking : JMCB 45 (2013) 8, pp. 1477-1516

Persistent link: https://www.econbiz.de/10010344574

A medium-scale DSGE model for the integrated policy framework

Adrian, Tobias; Gaspar, Vítor; Vitek, Francis - 2022

This paper jointly analyzes the optimal conduct of monetary policy, foreign exchange intervention, fiscal policy, macroprudential policy, and capital flow management. This policy analysis is based on an estimated medium-scale dynamic stochastic general equilibrium (DSGE) model of the world...

Persistent link: https://www.econbiz.de/10013170322

Fiscal dominance in Sub-Saharan Africa revisited

Hooley, John; Nguyen, Lam; Saito, Mika; Towfighian, … - 2021

This paper explores the causes and consequences of fiscal dominance over monetary policy in Sub-Saharan Africa (SSA). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroeconomic instability, and increasingly so as fiscal deficits and public debt are...

Persistent link: https://www.econbiz.de/10012517915

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