Wage Subsidies as a Tool to Fight Recessions

Wage Subsidies as a Tool to Fight Recessions

Since 1981, MAS has used the exchange rate as the primary tool of macroeconomic stabilisation. An exchange rate-based policy rule not only describes very well Singapore’s actual conduct of monetary policy but it has also delivered reduced volatility in inflation and output. Yet, as the quotation abo...

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Bibliographic Details
Main Author: HOON, Hian Teck
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2014
Subjects:
monetary policy
wage cost
aggregate demand
recessions
Singapore
Economics
Finance
Labor Economics
Online Access:https://ink.library.smu.edu.sg/soe_research/1675
https://ink.library.smu.edu.sg/context/soe_research/article/2674/viewcontent/WageSubsidiesTooltoFightRecessions_2014.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/1675
https://ink.library.smu.edu.sg/context/soe_research/article/2674/viewcontent/WageSubsidiesTooltoFightRecessions_2014.pdf

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