Monetary regime choice in Singapore: Would a Taylor rule outperform exchange-rate management?
This paper adopts a dynamic stochastic general equilibrium-vector autorgressive (DSGE-VAR) approach to examine the managed exchange-rate system at work in Singapore. We examine if the country has any reason to fear floating the exchange rate and adopting a Taylor rule. Our results show that, in term...
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Main Authors: | CHOW, Hwee Kwan, LIM, G. C., McNelis, Paul D. |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2014
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Online Access: | https://ink.library.smu.edu.sg/soe_research/1524 https://ink.library.smu.edu.sg/context/soe_research/article/2523/viewcontent/Singapore_Jan2010.pdf |
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Institution: | Singapore Management University |
Language: | English |
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