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The Monetary Authority of Singapore, instead of relying on short-term interest rates or monetary aggregates as its … monetary policy instrument, conducts policy by managing the trade-weighted exchange rate index (TWI). This paper investigates … Singapore is controlling inflation. The estimated changes in the TWI track the actual change relatively well, and the estimated …
Persistent link: https://www.econbiz.de/10014404129
economies—Hong Kong SAR, Japan, Singapore, Malaysia, and the Philippines—for the period 1997–2050 using a simulation approach …
Persistent link: https://www.econbiz.de/10014399958
of Nikkei 225 futures on the Osaka Securities Exchange (OSE) and the Singapore International Monetary Exchange (SIMEX …
Persistent link: https://www.econbiz.de/10014395916
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This paper explores the nexus between the financial cycle and business cycle in Brazil. Cycles are estimated using a variety of commonly-used statistical methods and with a small, semistructural model of the Brazilian economy. An advantage of using the model-based approach is that financial and...
Persistent link: https://www.econbiz.de/10011716460
This paper develops comparable financial conditions indices (FCIs) for the six large and most financially-integrated Latin American economies (LA6) by following Korobilis (2013) and Koop and Korobilis (2014). The main findings are as follows. First, the estimated FCIs are influenced by a...
Persistent link: https://www.econbiz.de/10011748777
This paper proposes a new index of sectoral labor distortion using employment and valueadded shares. We show that this … index is highly correlated with growth both crosssectionally and over time. We also use it to compare the degree of …
Persistent link: https://www.econbiz.de/10011743015
global trade, while Japan and the European Union have declined, with substantial implications for the path of the dollar and …
Persistent link: https://www.econbiz.de/10014400539