Monetary policy transmission in an undeveloped South Pacific Island country: a case study of Samoa

Jayaraman, Tiruvalangadu K. and Dahalan, J. (2008) Monetary policy transmission in an undeveloped South Pacific Island country: a case study of Samoa. International Journal of Monetary Economics and Finance, 1 (4). pp. 380-398. ISSN 1752-0479

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Abstract

Amongst the South Pacific's least developed small island countries, Samoa has emerged as a successful economy. Its achievements of low inflation and high growth rates have been due to sustained fiscal adjustment programmes and appropriate monetary policy measures. This paper undertakes an empirical study of transmission mechanism of monetary policy by adopting a VAR approach and using quarterly data over a 17-year period (1990-2006). The study findings are that money and exchange rate channels are important channels in transmitting monetary impulses to Samoa's output.

Item Type:	Journal Article
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HG Finance
Divisions:	Faculty of Business and Economics (FBE) > School of Economics
Depositing User:	Ms Neha Harakh
Date Deposited:	27 May 2008 02:55
Last Modified:	10 Jul 2012 08:56
URI:	https://repository.usp.ac.fj/id/eprint/1091

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