Misery index : theory and application to Singapore.

• Main Authors: Lin, Jiehui., Chew, Amelia Li Ting.
• Other Authors: Chew Soon Beng
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Social sciences::Economic theory::Macroeconomics
• Online Access: http://hdl.handle.net/10356/52003
• Institution: Nanyang Technological University

The purpose of this paper is to develop a suitable misery index for Singapore. The index is used to capture the movements of the aggregate demand (AD) curve and prevent the government from engaging in soft-options trade-offs between inflation and unemployment. Numerous models will be discussed and t...