Determinants of inflation in Singapore.

Determinants of inflation in Singapore.

The purpose of this paper is to find out the determinants of Singapore’s inflation rate using the AD/AS framework. The period of analysis is from 1980 to 2010. This paper consists of two parts, namely a qualitative and a quantitative analysis. Our results indicate that energy prices and loans and ad...

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Bibliographic Details
Main Authors: Lim, Cher Siong., Tan, Yi Lyn., Tan, Desmond Yifan.
Other Authors: Tan Kim Heng
Format: Final Year Project
Language:English
Published: 2012
Subjects:
DRNTU::Social sciences::Economic development::Singapore
DRNTU::Social sciences::Economic theory::Macroeconomics
DRNTU::Social sciences::Statistics
Online Access:http://hdl.handle.net/10356/48634
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Institution: Nanyang Technological University
Language: English
Description
Summary:The purpose of this paper is to find out the determinants of Singapore’s inflation rate using the AD/AS framework. The period of analysis is from 1980 to 2010. This paper consists of two parts, namely a qualitative and a quantitative analysis. Our results indicate that energy prices and loans and advances are positively correlated to inflation, while nominal earnings and the exchange rate are negatively correlated to inflation. While the result obtained for nominal wages is peculiar, it could have been due to CPF contributions that restrict actual consumption of the population.

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