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01713cas a2200241 a 4500 |
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AALejournalIMF013989 |
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|c 5.00 USD
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|z 9781475520743
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|a 1934-7685
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
|b Asia and Pacific Dept.
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|a Singapore :
|b Selected Issues.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2013.
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|a 1 online resource (11 pages)
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|a IMF Staff Country Reports
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This Selected Issues Paper discusses some observations on Singapore's monetary policy framework. Singapore's monetary policy uses the nominal effective exchange rate (NEER) as the instrument in a basket-band-crawl framework. The paper finds that under some conditions an exchange rate-based monetary policy may not be detrimental to external competitiveness. A key parameter is the weight of imports in the consumer basket or production function. Tightening monetary policy through a nominal appreciation helps to dampen imported cost pressures. In addition, nominal appreciation can reduce domestic sources of inflation by lowering demand for local factors of production.
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|a Mode of access: Internet
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|a IMF Staff Country Reports; Country Report ;
|v No. 2013/327
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/002/2013/327/002.2013.issue-327-en.xml
|z IMF e-Library
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