| 8 May 2012 |
No need to change current policy of stabilising prices with exchange rate
Prof Mayes, co-director of New Zealand Governance Centre, University of Auckland was of the opinion that the current method of using exchange rate to target inflation is appropriate. Using exchange rate as a monetary tool to control inflation is a hotly debated issue, some proposed using macro prudential policies as a more effective tool to curb inflation. He was speaking at an annual conference organised by SMU SKBI. The title of the conference was Asset Price Bubbles and Ong Chong Tee, Deputy Managing Director of MAS was the Guest of Honour.
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Lianhe Zaobao |
Striking for stability with targeted steps
SMU's Sim Kee Boon Institute for Financial Economics hosted its annual
conference yesterday, with the theme of “asset price bubbles”. Monetary Authority of Singapore deputy managing director Ong Chong Tee said, “Our studies continue to show that in our small, open economy, the exchange rate has a significantly greater impact on growth and inflation compared with domestic interest rates.'
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The Straits Times |
| 7 May 2012 |
MAS "firmly committed" to price stability in the medium term
Singapore's central bank said that it is "firmly committed" to price stability over the medium term. The remarks were by made by MAS Deputy Managing Director Ong Chong Tee at the SMU Sim Kee Boon Institute for Financial Economics annual conference on Monday. "With respect to cost pressures arising from supply-side inflation, monetary policy should aim to tamper, but not fully offset this. Higher labour costs in the short term due to permanent supply side shifts are part and parcel of the market's equilibrating process to guide the economy to a more sustainable growth path," Mr Ong said.
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Channel NewsAsia |
Concerns over asset price bubbles in Singapore
The seeds of the next financial crisis could be sown even before the current one is completely over and that is the warning from some experts at the SMU Sim Kee Boon Institute for Financial Economics annual conference on asset price bubbles in Singapore. However, they noted that a crisis could be averted, if central banks did a better job of communicating their policy stance to the market.
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Channel NewsAsia |
 SKBI Annual Conference on Financial Economics - Asset Price Bubbles
Mr Ong Chong Tee Opening Address at SKBI Annual Conference 2012 |
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| 10 April 2012 |
Financial literacy course for young adults launched
A financial literacy programme for young adults was jointly launched by Citi Singapore and SMU yesterday. The Citi-SMU programme, set to commence in 2013, aims to equip people between 17 and 30 with personal financial knowledge and skills appropriate to their life stage, forming a foundation for better money management. Participants can look forward to lectures and workshops by Citi guest speakers, as well as training sessions by SMU faculty members and select SMU students. Professor De Meyer said “with the new financial literacy programme, our students can also use what they have learnt, to reach out to the young adult community in Singapore, with the focus of reaching those with lower income.” |
The Business Times |
| 10 April 2012 |
SMU-Citi financial literacy programme targets young adults
SMU and Citi Singapore will launch a programme to teach young adults about finance and money management early next year. SMU will develop the curriculum and train selected students to teach. Associate Professor of Finance Jeremy Goh said, “They will conduct financial literacy outreach programmes... to reach out to the wider community, especially those from lower income families.”
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The Straits Times |
| 9 April 2012 |
All eyes on Sing$ as price pressure rises
Managing inflation expectations is likely to become a sharper focus of policymakers, even as attention this week centres on what Singapore's central bank will do to rein in current price pressures. 'If inflation is expected to be higher in the future, employees may demand higher nominal wages to offset the increasing cost of living and companies may be inclined to increase prices to offset the increasing cost of production,' said Aurobindo Ghosh, programme director at the [SMU] Sim Kee Boon Institute for Financial Economics. Dr Ghosh is co-creator of the Singapore Index of Inflation Expectations (SInDEx), which tracks how the public's perception of prices in Singapore changes.
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The Business Times |
| 02 February 2012 |
US Economy and QE3
Professor Jun Yu from the SMU School of Economics and Lee Kong Chian School of Business commented on the US current economic situation and whether there is ground for further monetary easing, after the central bank announced interest rates would remain near zero until late 2014. He also touched on the issue of QE3 and how it can possibly be implemented. Prof Yu is also the Director of SMU Sim Kee Boon Institute for Financial Economics.
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Channel 8, Focus |
| 11 January 2012 |
New Inflation Expectation Index An Important Economic Gauge
SMU President, Professor Arnoud De Meyer said, "For the past one year, inflation has been in the minds of many Singaporeans. Its movements affect how households, employers and central bankers make decisions. Understanding how inflation expectation is formed and its impact on various economic decisions is thus instrumental in any discourse on economic policy.”
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Berita Harian |
| 11 January 2012 |
Two new indices launched for inflation forecast for 1 and 5 years
Mastercard and the SMU Sim Kee Boon Institute for Financial Economics have jointly launched two indices, SinDEx1 and SinDEx 5, to measure inflationary expectations among households here. The developers hoped the Singapore Index of Inflation Expectations, to be updated quarterly, could be used to help policymakers forecast future inflation rates and formulate monetary policies accordingly. Till now, inflation forecasts released to the public are usually based on the predictions of professional economists. SMU President, Professor Arnoud De Meyer observed that inflation has been in the minds of many Singaporeans for the past one year and its movements affect how households, employers and central bankers make decisions. Hence, understanding how inflation expectation is formed and its impact on various economic decisions is instrumental in any discourse on economic policy.
|
Lianhe Zaobao |
| 11 January 2012 |
MasterCard and Singapore Management University launch Singapore Inflation Index
A new Index highlighting the spectrum of factors that impact the inflation expectations was jointly launched by MasterCard and Singapore Management University. SMU President, Professor Arnoud De Meyer said, “For the past one year, inflation has been in the minds of many Singaporeans. Its movements affect how households, employers and central bankers make decisions. Understanding how inflation expectations is formed and its impact on various economic decisions is thus instrumental in any discourse on economic policy.”
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Singapore Business Review |
| 11 January 2012 |
New index tracks inflation expectations
A new index to track the general public's perception of how prices change was launched yesterday by MasterCard and SMU. The first of its kind here, the Singapore Index of Inflation Expectations (SInDEx) aims to be a gauge of consumers' and firms' sentiment, and help shape monetary policy. The index is developed by Jun Yu and Aurobindo Ghosh of SMU's Sim Kee Boon Institute for Financial Economics (SKBI). The goal is to eventually launch similar indices for economies in the region too to allow for comparisons, Prof Jun and Dr Ghosh said.
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The Business Times |
| 11 January 2012 |
MasterCard and Singapore Management University Launch New Singapore Inflation Index
The SKBI-MasterCard Singapore Index of Inflation Expectations, which was jointly developed by Dr Aurobindo GHOSH and Professor Jun YU from SMU Sim Kee Boon Institute for Financial Economics, and MasterCard, is based on a survey of around 400 randomly selected individuals from households in Singapore and highlights the spectrum of factors that impact the inflation expectations.
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The FINANCIAL |
| 11 January 2012 |
MasterCard, SMU launch new inflation index
Mastercard and SMU have jointly launched a new index that measures inflation expectations among local households. The hope is that this index, which will be updated quarterly, can be used to help policy-makers forecast future inflation and formulate monetary policies accordingly.
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The New Paper |
| 11 January 2012 |
New tool to help inflation forecasts
SMU and Mastercard have launched an index measuring inflation expectations among households here. The developers hope the Singapore Index of Inflation Expectations, to be updated quarterly, can be used to help policymakers forecast future inflation rates and formulate monetary policies accordingly. Until now, inflation forecasts released to the public have usually been based on the predictions of professional economists.
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The Straits Times |
| 10 January 2012 |
New Singapore inflation index launched
SMU President, Professor Arnoud De Meyer said, "Understanding how inflation expectation is formed and its impact on various economic decisions is thus instrumental in any discourse on economic policy."
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AsiaOne |
| 10 January 2012 |
MasterCard and Singapore Management University Launch New Singapore Inflation Index
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