Hsing, Yu; Chen, Yvonne - In: Journal of Developing Areas 37 (2004) 2, pp. 73-89
Applying the VAR model and using the Treasury bill rate as a monetary policy tool, we find that in the long run, output for Singapore responds positively to a shock to lagged own output and negatively to an innovation to the Treasury bill rate, government debt as a percent of GDP, appreciation...
