How does monetary policy transmission mechanism work in Fiji?

Jayaraman, Tiruvalangadu K. and Choong, C.K. (2008) How does monetary policy transmission mechanism work in Fiji? International Review of Economics, 55 (4). pp. 1865-1704. ISSN Print 1865-1704 Online 1863-4613

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Abstract

The study aims to examine the impact of changes in policy variables namely, monetary aggregate (M1), exchange rate and interest rate on two monetary goal variables, namely output and price level in Fiji from 1970 to 2006 by applying the procedures of variance decomposition and impulse response functions. We conclude that the money channel is the most effective channel of transmission mechanism among the three channels.

Item Type:	Journal Article
Subjects:	H Social Sciences > H Social Sciences (General)
Divisions:	Faculty of Business and Economics (FBE) > School of Economics
Depositing User:	Ms Neha Harakh
Date Deposited:	26 May 2008 02:11
Last Modified:	05 Mar 2012 02:33
URI:	https://repository.usp.ac.fj/id/eprint/835

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