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150128 ||| eng |
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|a 9781451925265
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245 |
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|a Financial, Exchange Rate, and Wage Policies in Singapore, 1979-1886
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1988
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300 |
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|a 28 pages
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651 |
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4 |
|a Singapore
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653 |
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|a Labor costs
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653 |
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|a Foreign exchange reserves
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653 |
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|a Labour
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653 |
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|a Wages, Compensation, and Labor Costs: General
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653 |
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|a Exchange rate adjustments
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653 |
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|a Currency
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653 |
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|a Factor Movement
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653 |
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|a Labor
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653 |
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|a Central banks
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653 |
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|a Foreign Exchange
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653 |
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|a International reserves
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653 |
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|a Banks and Banking
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653 |
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|a Foreign Exchange Policy
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653 |
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|a Exchange rate policy
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653 |
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|a Development Planning and Policy: Trade Policy
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653 |
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|a Banking
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653 |
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|a Exchange rates
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653 |
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|a Monetary Policy
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653 |
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|a Income economics
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653 |
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|a Foreign exchange
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710 |
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|a International Monetary Fund
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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028 |
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|a 10.5089/9781451925265.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/1988/012/001.1988.issue-012-en.xml?cid=27939-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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520 |
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|a This paper discusses the unique aspects of Singapore’s financial, exchange rate, and wage policies during the period 1979-86, and attempts to quantify the impact of alternative policies on major macroeconomic variables. For this purpose, a simple short-term model is formulated and estimated, and various policy simulations conducted. It is found that the wage policy pursued by the authorities in the early 1980s played a significant role in influencing output and prices and that an appropriate wage policy is complementary to exchange rate policy in maintaining external competitiveness in Singapore
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