Monetary Policy
Students will explore how central banks use interest rates and exchange rates to manage the economy. Special attention is given to Singapore's exchange-rate-centred monetary policy.
About This Topic
Students will explore how central banks use interest rates and exchange rates to manage the economy. Special attention is given to Singapore's exchange-rate-centred monetary policy.
Key Questions
- How do interest rate changes affect aggregate demand?
- Why does Singapore use an exchange-rate-centred monetary policy?
- What are the limitations of monetary policy?
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