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Understanding asymmetries in macroeconomic aggregates: the case of Singapore

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  • Seema Narayan
  • Paresh Kumar Narayan

Abstract

For robust policymaking and econometric modelling, it is essential to know whether macroeconomic aggregates contain asymmetric behaviour. The aim of this note is to investigate asymmetries in Singapore's macroeconomic aggregates using the Randles et al. (1980) Triples test. We examine both deepness and steepness asymmetries, and find that for Consumer Price Index (CPI) and unemployment rate there is evidence for deepness asymmetry. On the basis of this finding, we caution policymakers.

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File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850500461563&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
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Bibliographic Info

Article provided by Taylor and Francis Journals in its journal Applied Economics Letters.

Volume (Year): 14 (2007)
Issue (Month): 12 ()
Pages: 905-908

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Handle: RePEc:taf:apeclt:v:14:y:2007:i:12:p:905-908

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Cited by:
  1. Veli Yilanci, 2012. "Investigating Asymmetries in Macroeconomic Aggregates of Central and Eastern European Economies," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(31), pages 223-229, February.

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