Efficacy of Fiscal and Monetary Policies in the South Pacific Island Countries: Some Empirical Evidence

Tiru K. Jayaraman

14 citations0/0 files storedThe Indian Economic Journal

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Monetary Policy and Economic Impact Fiscal Policies and Political Economy Fiscal Policy and Economic Growth

Abstract

Since their independence in the early and mid-seventies, the South Pacific Island Countries (SPICs) have been pursuing fiscal and monetary policies for promoting growth and diversification of their economies. Their fiscal policies in the past were influenced by plentiful supply of foreign savings. Annual budgets were supported by grants from former

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References

1986A Monetarist Model for Economic Stabilization 1983The Relative Impact of Monetary and Fiscal Actions on Economic Activity: A Cross-Country Comparison 1996Pacific Island economies : building a resilient economic base for the twenty-first century 1982The Role of Fiscal Policy in the St. Louis Equation 1988Monetary policy, fiscal policy and aggregate economic activity: some further evidence 1992The economy of Fiji : performance, management and prospects

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