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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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Main Authors: T.K., Jayaraman, Dahalan, Jauhari
Format: Conference or Workshop Item
Language:English
Published: 2007
Subjects:
HJ Public Finance
Online Access:http://repo.uum.edu.my/2565/1/T._K.Jayaraman_1.pdf
http://repo.uum.edu.my/2565/
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spelling 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 (Unpublished)
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider 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
score 13.160551

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