Barnett, William A.; Nguyen, Van H. - In: Journal of risk and financial management : JRFM 14 (2021) 8, pp. 1-15
microeconomic aggregation or index number theory. However, most central banks in the world, including that of Singapore, the … Monetary Authority of Singapore (MAS), still report their monetary aggregates as simple summations. Recent macroeconomic … research about Singapore tends to focus on exchange rates as a monetary policy target but ignores the aggregate quantity of …