Fumitaka Furuoka, Asia–Europe Institute, University of Malaya It would be impossible to imagine the field of economics without macroeconomics. Macroeconomics together with microeconomics are the main pillars of the economic sciences. A sentiment that economics without macroeconomics is like a family without a father can be shared among those who studied economics before the time … Continue reading Disappearance of the Phillips curve and its implications for ASEAN
Inflation and Income Inequality: The Dynamic from Institutional Quality
Prepared by Law Chee-Honga and Soon Siew-Voonb aSchool of Social Sciences, Universiti Sains Malaysia, Gelugor 11800 Penang, Malaysia bDepartment of Applied Statistics, Faculty of Economics and Administration, University of Malaya, 50603 Kuala Lumpur, Wilayah Persekutuan, Malaysia Highlights Income inequality has social and economic impactsInflation has an ambiguous effect on income inequalityThe quality of the institutional … Continue reading Inflation and Income Inequality: The Dynamic from Institutional Quality
Invitation to participate in TIAC-BNM 4th Monetary and Financial Economics Workshop (Updated)
The Tun Ismail Ali Chair (TIAC) at the University of Malaya, in collaboration with Bank Negara Malaysia, is pleased to announce the 4th Monetary and Financial Economics Workshop, to be held on 19 November 2019, at Sasana Kijang, Kuala Lumpur. The organising committee would like to invite Malaysia-based academics, postgraduate students, economists from the private … Continue reading Invitation to participate in TIAC-BNM 4th Monetary and Financial Economics Workshop (Updated)
Rethinking Investment Incentives
HIGHLIGHTS While FDI was a game-changer in transforming the Malaysian economy in the past, there is mounting evidence that the net benefits have been narrowing in recent periods. The total cost of incentives used to attract FDI has been significant, and there are indications its effectiveness is waning. There is room to improve the existing … Continue reading Rethinking Investment Incentives
Escalating Trade Tensions and Potential Spillovers to Malaysia
Highlights The recent implementation of higher tariffs by the US on an additional USD200 bn of imports from PR China has raised concerns about how escalating trade tensions will affect global growth and trade.These trade actions pose risks to growth, but might provide redirection opportunities to Malaysia, most notably, in the manufacturing sector.Malaysia must continue … Continue reading Escalating Trade Tensions and Potential Spillovers to Malaysia
Why has the frequency of monetary policy meetings at central banks reduced?
In the past few years, there has been a trend among central banks with higher frequency monetary policy-setting meetings reducing the number of times they meet. The Bank of Japan reduced the number of meetings from 14 to 8 in 2016. The Bank of England and European Central Bank reduced the number of meetings from … Continue reading Why has the frequency of monetary policy meetings at central banks reduced?
Highlights of the 3rd TIAC-BNM Monetary and Financial Economics Workshop
The Tun Ismail Ali Chair (TIAC) at the University of Malaya, in collaboration with Bank Negara Malaysia, organised the 3rd TIAC-BNM Workshop on Monetary and Financial Economics on July 16 at Sasana Kijang. The event was attended by 110 participants from various local higher learning institutions, government agencies, private institutions, and staff from the Bank. … Continue reading Highlights of the 3rd TIAC-BNM Monetary and Financial Economics Workshop
The Sharing Economy – Harnessing the Value of Idle Assets
Highlights: The ‘sharing economy’ is a system that reduces asset or resource underutilisation for monetary or non-monetary benefits. Malaysia ought to embrace the sharing economy but with appropriate safeguards. Clear and coherent policy stance is important for a vibrant sharing economy industry. Introduction The sharing economy has disrupted many traditional means of doing business and … Continue reading The Sharing Economy – Harnessing the Value of Idle Assets
3rd TIAC-BNM Monetary and Financial Economics Workshop (UPDATED)
The Tun Ismail Ali Chair (TIAC) at the University of Malaya, in collaboration with BNM, is pleased to announce the 3rd Monetary and Financial Economics Workshop, to be held on 16 July 2018, at Sasana Kijang, Kuala Lumpur. The organising committee would like to invite Malaysia-based academics, postgraduate students, economists from the private sector and … Continue reading 3rd TIAC-BNM Monetary and Financial Economics Workshop (UPDATED)
Central Banking and Inequality – The Current State of the Conversation
Highlights Monetary policy has a short-run and possibly medium-run impact on inequality. In the long run, the distributional impact is not clear Incorporating inequality into policy deliberations may help achieve a more effective monetary policy Introduction For a long period, “benign neglect” characterised the attitude that central bankers displayed towards inequality.[1] Traditionally, the mandates of … Continue reading Central Banking and Inequality – The Current State of the Conversation
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