Modeling the relationship between budget deficits, money supply and inflation in Fiji

Narayan, Paresh Kumar, Narayan, Seema and Prasad, Arti Devi 2006, Modeling the relationship between budget deficits, money supply and inflation in Fiji, Pacific economic bulletin, vol. 21, no. 2, pp. 103-116.

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Title Modeling the relationship between budget deficits, money supply and inflation in Fiji
Author(s) Narayan, Paresh Kumar
Narayan, Seema
Prasad, Arti Devi
Journal name Pacific economic bulletin
Volume number 21
Issue number 2
Start page 103
End page 116
Publisher National Centre for Development Studies, Australian National University
Place of publication Canberra, A. C. T.
Publication date 2006
ISSN 0817-8038
1834-9455
Summary For Fiji, which has been suffering persistent deficits since independence, determining the relationships between inflation, budget deficits, money supply, output, and import prices is essential. We find that inflation, deficits and money supply are cointegrated when inflation is the endogenous variable, and the long-run elasticities confirm that money supply and deficits induce inflation. While there is a short-run, unidirectional causality running from money supply to inflation and a bi-directional causality between money supply and budget deficits, in the long run both money supply and deficits ?Granger-cause? inflation.
Language eng
Field of Research 140305 Time-Series Analysis
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2006, Asia Pacific Press
Persistent URL http://hdl.handle.net/10536/DRO/DU:30018536

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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