In a commentary, Thomas Lam, Principal Researcher at the SMU Sim Kee Boon Institute for Financial Economics, explores whether it is horse sense or hogwash to squawk about persistently higher inflation.
Thomas Lam, principal researcher at Sim Kee Boon Institute for Financial Economics, cautions in this piece that overreliance on “new” monetary policy can lead to unintended consequences.
In a commentary, SMU Principal Research Associate of Sim Kee Boon Institute for Financial Economics, Thomas Lam shared his analysis and concluded that the current US recession can prospectively be longer, perhaps more dire, followed by a weaker-than-expected recovery.
St Louis Federal Reserve Bank President James Bullard was in Singapore on 8 October 2018 to speak at a lecture organised in partnership with SMU’s Sim Kee Boon Institute for Financial Economics and the Official Monetary and Financial Institutions Forum Foundation. The lecture was held at SMU.
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The latest quarterly Singapore Index of Inflation Expectations survey conducted by SMU’s Sim Kee Boon Institute for Financial Economics indicated that inflation expectations remained tame as geopolitical uncertainties cool the euphoria from global economic growth. Singaporean households expect the median one-year-ahead headline inflation to inch up to 2.97 per cent from their forecast of 2.93 per cent recorded in September last year.
SMU Assistant Professor of Finance Aurobindo Ghosh, who was also the survey’s principal investigator said, "Global policy uncertainty impacts Singapore inordinately as we are a small open economy. This is especially so for policies that might be detrimental to multilateral trade, including the imposition of higher trade barriers with the ensuing volatile global prices and fluctuating currencies. Having said that, a strong Singapore dollar and global market conditions seem to have kept a lid on unhinged inflation expectations both in the medium and long term."
SMU's online poll of about 500 consumers, randomly selected to represent a cross-section of households, also found that the public now expects core inflation, which excludes accommodation and private transport costs, to rise marginally from the previous survey in September.