This paper discusses the unique aspects of Singapore`s financial, exchange rate, and wage policies during the period 1979-86, and attempts to quantify the impact of alternative policies on major macroeconomic variables. For this purpose, a simple short-term model is formulated and estimated, and...

The unique aspects of Singapore's financial, exchange rate, and wage policies during the period 1979-86 are discussed. A simple short-term model is formulated and estimated, and various policy simulations conducted, to quantify the impact of alternative policies on major macroeconomic variables....

Faced with a steadily worsening economy, the government of the Lao Peoples Democratic Republic took its first steps toward reforming its centrally planned economy in December 1979. The reform process gathered momentum with the introduction of the New Economic Mechanism in 1985, as the...