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Exploring the output effect of fiscal policy shocks in low income countries

Honda, Jiro; Miyamoto, Hiroaki; Taniguchi, Mina - 2020

What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our analysis-based on the local projection method-finds...

Persistent link: https://www.econbiz.de/10012252736

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

Exchange Rate Pass-Through Over the Business Cycle in Singapore

Tan, Siang Meng - 2011

This paper investigates exchange rate pass-through in Singapore using band-pass spectral regression techniques … Singapore. Asymmetric pass-through effects over the business cycle are also detected, with importers passing on a smaller share … of exchange rate movements during boom periods as compared to recessions. This result suggest that Singapore’s exchange …

Persistent link: https://www.econbiz.de/10014399253

Measuring Misalignment : Purchasing Power Parity and East Asian Currencies in the 1990's

Chinn, Menzie David - 1999

The concept of purchasing power parity (PPP) is used to evaluate whether eight East Asian currencies were overvalued on the eve of the 1997 crises. The Johansen and Horvath-Watson cointegration test procedures are applied to bilateral and multilateral exchange rates, deflated using CPIs,...

Persistent link: https://www.econbiz.de/10014401020

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

Globalization of Financial Markets and Implications for Pacific Basin Developing Countries

Goldsbrough, David John - 1991

This paper analyzes the consequences of the growing interdependence of world financial markets for Pacific developing countries. Section I discusses trends in financial integration in the Pacific and the underlying movements in saving and investment. Section II seeks to quantify the increased...

Persistent link: https://www.econbiz.de/10014396322

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

Aggregation of Economic Indicators Across Countries : Exchange Rate versus PPP Based GDP Weights

Schulze-Gattas, Marianne - 1992

Relative GDP shares are frequently used as weights in aggregations. In order to ensure that these weights reflect countries’ shares in real output, GDP data in national currencies should be converted into a common numeraire currency at purchasing power parity (PPP) rates. A review of the...

Persistent link: https://www.econbiz.de/10014398543

How Effective is Monetary Transmission in Low-Income Countries? : A Survey of the Empirical Evidence

Mishra, Prachi - 2012

This paper surveys the evidence on the effectiveness of monetary transmission in low-income countries. It is hard to come away from this review with much confidence in the strength of monetary transmission in such countries. We distinguish between the ""facts on the ground"" and ""methodological...

Persistent link: https://www.econbiz.de/10014396435

How effective is monetary transmission in low-income countries? : a survey of the empirical evidence

Mishra, Prachi; Montiel, Peter - 2012

Persistent link: https://www.econbiz.de/10009618588