Working Paper
Growth accounting with misallocation: Or, doing less with more in Singapore
Neiman, Brent; Fernald, John G. (2010)
We derive aggregate growth-accounting implications for a two-sector economy with heterogeneous capital subsidies and monopoly power. In this economy, measures of total factor productivity (TFP) growth in terms of quantities (the primal) and real factor prices (the dual) can diverge from each other as well as from true technology growth. These distortions potentially give rise to dynamic reallocation effects that imply that change in technology needs to be measured from the bottom up rather than the top down. We show an example, for Singapore, of how incomplete data can be used to obtain ...
Working Paper Series , Paper 2010-18

Journal Article
Does Singapore invest too much?
Kasa, Kenneth (1997)
FRBSF Economic Letter

Journal Article
On the road to Singapore
Pozdena, Randall (1979)
FRBSF Economic Letter

Journal Article
Do capital controls affect the response of investment to saving? evidence from the Pacific Basin
Kim, Sun Bae (1993)
This paper examines the effect of capital controls on the response of investment to savings in Pacific Basin countries. A robust finding is that the size of the savings coefficient tends to be smaller (larger) in countries with relatively higher (lower) capital controls. Additionally, relaxation in capital controls for the most part had no discernible impact on the savings- investment relationship in individual country time-series regressions. At least a partial resolution to these puzzles is found in the government policy response: Countries with a relatively high saving-investment ...
Economic Review

Conference Paper
Exchange rate policy in Singapore: philosophy and conduct over the past decade
Shanmugaratnam, Tharman; Peng, Teh Kok (1992-09)
Proceedings , Issue Sep

Working Paper
Are Asian economies exempt from the \"impossible trinity?\": evidence from Singapore
Moreno, Ramon; Spiegel, Mark M. (1997)
Pacific Basin Working Paper Series , Paper 97-01

Journal Article
Monetary policy in a small open economy: the case of Singapore
Wood, John H. (1992-04)
John H. Wood studies Singapore, a small open economy dedicated to growth through both saving and the attraction of foreign investment. He finds that the monetary authority's supporting role is the provision of a stable monetary environment, particularly a stable domestic price level. Singapore's monetary authority has unusual freedom from domestic constraints in fulfilling this role because of the government's conservative fiscal policy, control of labor relations, and disinclination to support unprofitable enterprises. Singapore has controlled its inflation by adjusting to changing world ...
Economic and Financial Policy Review , Issue Q II , Pages 25-41

Journal Article
Economic conditions in Singapore and Vietnam: a monetary policymaker's report
Yellen, Janet L. (2008)
Each year, the President of the San Francisco Fed joins the Federal Reserve Board Governor responsible for liaison with Asia on a "fact-finding" trip to the region. These trips advance the Bank's broad objectives of serving as a repository of expertise on economic, banking, and financial issues relating to the Pacific Basin and of building ties with policymakers and economic officials there. The knowledge gained and the contacts developed are valuable in understanding trends affecting the Twelfth District, in carrying out responsibilities in banking supervision, and in ensuring that ...
FRBSF Economic Letter

Journal Article
Banking system developments in the four Asian tigers
Huh, Chan Guk (1997)
FRBSF Economic Letter

Conference Paper
Exchange rates and monetary policy in Singapore and Hong Kong
Moreno, Ramon (1987)
Proceedings