Economic Policy Group

The Economic Policy Group is responsible for the surveillance and forecasting of the domestic and external economies, monetary policy formulation and economic research in MAS. 

What We Do

The Economic Policy Group is responsible for the surveillance and forecasting of the domestic and external economies, monetary policy formulation and economic research in MAS.

There are three departments in the group which work closely together on these functions, and collaborate on in-depth studies. The Group also oversees the Information Resource Centre (IRC) which provides relevant resources and value-added services to support the information needs of staff in research and policymaking.

Our Departments

Economic Analysis Department

The Economic Analysis Department analyses developments in the international economy and provides forecasts to support monetary policy decisions and discussions at international meetings. The Department maintains a suite of macroeconomic models of the Singapore economy to simulate the impact of shifts in monetary policy and macro-prudential policies.

Economic Surveillance and Forecasting Department

The Economic Surveillance and Forecasting Department undertakes surveillance and forecasting of the domestic economy, prices and wages, which are the key underpinnings of monetary policy decisions. The Department works with the Monetary and Domestic Markets Management Department on monetary policy implementation issues. The Department also oversees the Information Resource Centre (IRC) as a provider of relevant resources to support the information needs of staff in research and policymaking in MAS.

Macroprudential Surveillance Department

The Macro-prudential Surveillance Department conducts surveillance of the domestic and global financial systems to identify emerging trends and vulnerabilities. The Department undertakes policy-relevant studies on macro-financial linkages, systemic risk and other financial stability issues. It works closely with MAS' supervisory departments to ensure that both macro- and micro-prudential perspectives are brought to bear on financial stability issues.