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Singapore as a case study, it explores the Monetary Authority's adoption of the exchange rate as the primary tool since 1981 … function aligns well with actual deviations, supporting the hypothesis that Singapore's forward-looking policy rule effectively …
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For Matías Vernengo and Esteban Pérez Caldentey (2020), the MMT literature overemphasizes the choice of the exchange rate regime and the relevance of a flexible exchange rate regime, as well as the ultimate effect of that choice upon the policy space. In addition, they argue that the role of...
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