The anchoring of inflation expectations in Singapore

  • Khor Hoe Ee
  • I Supaat
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Publication date
December 2014

Abstract

The credibility of a central bank is probably one of the most important factors determining whether the pursuit of an anti-inflation policy is associated with significant output and employment losses. When a central bank lacks credibility, the public will not believe that the central bank will do what it says it is going to do. As a result, inflation expectations in th

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