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Does money matter in Fiji? An empirical study for the period 1970-2007

Jayaraman, Tiruvalangadu K. and Choong, C.K. and Kumar, D. (2010) Does money matter in Fiji? An empirical study for the period 1970-2007. Pacific Economic Bulletin, 25 (2). pp. 93-109. ISSN 0817-8038

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    Abstract

    This article investigates the role of money in the Fijian economy during a 38-year period (1970-2007). Our study findings confirm the existence of a long-run co-integrating relationship between output, prices, money, the interest rate and the exchange rate. It is also indicated that the linkage runs from money to output and not in the other direction. Further, there is a causal relationship running from money to prices, which establishes the pivotal role of money in the determination of the price level.

    Item Type: Journal Article
    Subjects: H Social Sciences > HG Finance
    Divisions: Faculty of Business and Economics (FBE) > School of Economics
    Depositing User: Ms Mereoni Camailakeba
    Date Deposited: 25 May 2010 12:23
    Last Modified: 26 Mar 2015 12:47
    URI: http://repository.usp.ac.fj/id/eprint/1836
    UNSPECIFIED

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