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This paper studies the relationship between macroeconomic behaviour and the monetary policy regime in Hong Kong and Singapore, using data for 1984-2004. We estimate an econometric model, comprising a Phillips curve, an IS curve and an equation for changes in the nominal effective exchange rate...
Persistent link: https://www.econbiz.de/10003311288
Persistent link: https://www.econbiz.de/10003478998
This paper studies the relationship between macroeconomic behaviour and the monetary policy regime in Hong Kong and Singapore, using data for 1984-2004. We estimate an econometric model, comprising a Phillips curve, an IS curve and an equation for changes in the nominal effective exchange rate...
Persistent link: https://www.econbiz.de/10012711720
Persistent link: https://www.econbiz.de/10003276346
Persistent link: https://www.econbiz.de/10003881628
Persistent link: https://www.econbiz.de/10002626113
Persistent link: https://www.econbiz.de/10001806907
Persistent link: https://www.econbiz.de/10013423780
We test the menu cost model of Ball and Mankiw (1994, 1995), which implies that the impact of price dispersion on inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random crosssection sample split when calculating the moments of the...
Persistent link: https://www.econbiz.de/10011390613
We test the menu cost model of Ball and Mankiw (1994, 1995), which implies that the impact of price dispersion on inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random crosssection sample split when calculating the moments of the...
Persistent link: https://www.econbiz.de/10003664861