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Understanding asymmetries in macroeconomic aggregates : the case of Singapore

Narayan, Seema and Narayan, Paresh Kumar 2007, Understanding asymmetries in macroeconomic aggregates : the case of Singapore, Applied economics letters, vol. 14, no. 12, pp. 905-908.

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Title Understanding asymmetries in macroeconomic aggregates : the case of Singapore
Author(s) Narayan, Seema
Narayan, Paresh Kumar
Journal name Applied economics letters
Volume number 14
Issue number 12
Start page 905
End page 908
Publisher Routledge
Place of publication London, England
Publication date 2007-10
ISSN 1350-4851
1466-4291
0003-6846
0960-3107
Summary 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.
Language eng
Field of Research 140212 Macroeconomics (incl Monetary and Fiscal Theory)
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2007, Taylor & Francis
Persistent URL http://hdl.handle.net/10536/DRO/DU:30018613

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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