The effectiveness of exchange-rate-based monetary policy: evidence from survey data

    Research output: Journal PublicationArticlepeer-review

    1 Citation (Scopus)

    Abstract

    Singapore’s monetary policy is centred on the management of the exchange rate. We examine how macroeconomic forecasters perceive the effectiveness of this unconventional policy. We provide empirical evidence that forecasters’ expectations are consistent with a forward-looking exchange-rate-based Taylor-type policy rule. They expect monetary authorities to actively manage the currency against expected future changes in inflation and output.

    Original languageEnglish
    Pages (from-to)1261-1265
    Number of pages5
    JournalApplied Economics Letters
    Volume25
    Issue number18
    DOIs
    Publication statusPublished - 24 Oct 2018

    Keywords

    • exchange rate
    • forecasting
    • Monetary policy
    • survey data

    ASJC Scopus subject areas

    • Economics and Econometrics

    Fingerprint

    Dive into the research topics of 'The effectiveness of exchange-rate-based monetary policy: evidence from survey data'. Together they form a unique fingerprint.

    Cite this