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

CollectionsPacific Economic Bulletin (1991-2010)
Title: Does money matter in Fiji? An empirical study for the period 1970-2007
Author(s): Choong, Chee-Keong
Jayaraman, T.K.
Kumar, Dinesh
Publisher: Crawford School of Public Policy, The Australian National University
Asia Pacific Press
Description: 
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.
URI: http://hdl.handle.net/1885/157970
ISSN: 1834-9455 (online)
0817-8038 (print)

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