Monetary policy transmission mechanism in Samoa
In recent years, Samoa has emerged to be the most successful economy amongst all Pacific island countries. Its achievements of low inflation and high growth rates were due to sustained fiscal adjustment and appropriate monetary policy measures. This paper undertakes an empirical study of transmi...
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2007
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my.uum.repo.25652011-02-24T01:20:11Z http://repo.uum.edu.my/2565/ Monetary policy transmission mechanism in Samoa T.K., Jayaraman Dahalan, Jauhari HJ Public Finance In recent years, Samoa has emerged to be the most successful economy amongst all Pacific island countries. Its achievements of low inflation and high growth rates were due to sustained fiscal adjustment 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 real sector, followed by credit and interest rate channels. 2007 Conference or Workshop Item NonPeerReviewed application/pdf en http://repo.uum.edu.my/2565/1/T._K.Jayaraman_1.pdf T.K., Jayaraman and Dahalan, Jauhari (2007) Monetary policy transmission mechanism in Samoa. In: International Economic Conference on Trade and Industry (IECTI) 2007, 3 - 5 December 2007, Bayview Hotel Georgetown, Penang. (Unpublished) |
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Universiti Utara Malaysia |
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Malaysia |
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Universiti Utara Malaysia |
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http://repo.uum.edu.my/ |
| language |
English |
| topic |
HJ Public Finance |
| spellingShingle |
HJ Public Finance T.K., Jayaraman Dahalan, Jauhari Monetary policy transmission mechanism in Samoa |
| description |
In recent years, Samoa has emerged to be the most successful economy
amongst all Pacific island countries. Its achievements of low inflation and
high growth rates were due to sustained fiscal adjustment 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 real sector, followed by credit and interest rate channels. |
| format |
Conference or Workshop Item |
| author |
T.K., Jayaraman Dahalan, Jauhari |
| author_facet |
T.K., Jayaraman Dahalan, Jauhari |
| author_sort |
T.K., Jayaraman |
| title |
Monetary policy transmission mechanism in Samoa |
| title_short |
Monetary policy transmission mechanism in Samoa |
| title_full |
Monetary policy transmission mechanism in Samoa |
| title_fullStr |
Monetary policy transmission mechanism in Samoa |
| title_full_unstemmed |
Monetary policy transmission mechanism in Samoa |
| title_sort |
monetary policy transmission mechanism in samoa |
| publishDate |
2007 |
| url |
http://repo.uum.edu.my/2565/1/T._K.Jayaraman_1.pdf http://repo.uum.edu.my/2565/ |
| _version_ |
1644278272593231872 |