In this paper; several models of exchange rate determination are applied to the Singapore-US exchange rate. A composite model, synthesising elements of the portfolio-balance and monetary models, is found to yield more satisfactory estimates and better out-of-sample forecasts than the...

This paper develops and simulates a multiperiod utility maximising model using realistic values of interest, inflation and tax rates to assess the effects of the GST package on the consumer's patterns of saving, and consumption over time. It will be shown that a tax-revenue-neutral GST package...