Understanding Asymmetries in Macroeconomic Aggregates: The Case of Singapore
Posted: 11 Jun 2012
Date Written: 2007
Abstract
For robust policymaking and econometric modelling, it is essential to know whether macroeconomic aggregates contain asymmetric behavior. 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.
Suggested Citation: Suggested Citation
Narayan, Seema and Narayan, Paresh Kumar, Understanding Asymmetries in Macroeconomic Aggregates: The Case of Singapore (2007). Applied Economics Letters, Vol. 14, No. 12, pp. 905-908, 2007, Available at SSRN: https://ssrn.com/abstract=2081456
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