Sri Lanka is an open and market-oriented lower middle income economy situated in South Asia. It is one of the fastest growing economies in Asia and developing world in the recent years. Sri Lankan economy has achieved 6.4 per cent growth over the period 2003 to 2012. At the same period the...

Malaysia is a rapidly progressing high middle-income economy. As a highly open economy with an increasingly liberalized financial sector, the implementation of a comprehensive macroeconomic policy is a challenging task. This article inquires into the efficacy of money in raising income and...

This article examines how a rate of the change of the exchange rate as well as how a rate of the change of the expected exchange rate are related to the unanticipated change in domestic money supply and output. Empirical analysis involves quarterly time series of the rupee/US dollar exchange...

Since Independence in 1965, the economy of Singapore has transited from a low-income economy to a high-income developed economy. Over the period, the educational policy of the country has been framed in consistent with the national economic policy and human capital formation. The paper examines...

Objective of this paper is to search for a univariate forecasting model that can provide the most accurate forecasts of monthly exchange rates of Indian rupee over the period 1994m8 to 2014m4. Random walk model is used as the benchmark model. Using Box-Jenkins methodology, ARIMA structures of...

The correlation between a government's expenditure and revenue has attracted a lot of interest thanks to its policy relevance. This paper delves into the fiscal adjustment process through the expenditure and the revenue of Sri Lanka in the post-reform era from 1979 to 2009. The Augmented...

This paper examines how unanticipated monetary shocks cause variations in exchange rate in Sri Lanka under the independent float regime. The study addresses this issue under both the rational and adaptive expectations framework. GARCH (generalised autoregressive conditional heteroskedasticity)...

This article examines the role of monetary policy and trade openness to raise income in India for the monetary-targeting regime and the multiple-indicator approach regime of monetary policy. The impact of the key instruments of monetary policy, namely, money supply, interest rate and exchange...