Monetary Policy and Asset Prices in a Small Open Economy: A Factor-Augmented VAR Analysis for Singapore

Monetary Policy and Asset Prices in a Small Open Economy: A Factor-Augmented VAR Analysis for Singapore

The ongoing global financial turmoil has revived the question of whether central bankers ought to tighten monetary policy preemptively in order to head off asset price misalignments before a sudden crash triggers financial instability. This study explores the issue of the appropriate monetary policy...

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Bibliographic Details
Main Authors: CHOW, Hwee Kwan, CHOY, Keen Meng
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2009
Subjects:
Monetary Policy
Asset Prices
Dynamic Factors
Vector Autoregression
Singapore
Asian Studies
Finance
International Economics
Online Access:https://ink.library.smu.edu.sg/soe_research/1223
https://ink.library.smu.edu.sg/context/soe_research/article/2222/viewcontent/MonetaryPolicyandAssetPrices.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/1223
https://ink.library.smu.edu.sg/context/soe_research/article/2222/viewcontent/MonetaryPolicyandAssetPrices.pdf

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