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- W2189187343 abstract "This paper is an attempt to create a quarterly macroeconomic model for Fiji and as would be expected for starters, it uses calibrated coefficients from other studies to run impulse response functions. It builds on a standard small open economy model (which includes Argov et al (2007) among others) with several extensions/modifications. The model incorporates a large foreign economy making it a two-country model to ensure that transactions between the exporting and importing country are modeled explicitly. This addition is vital for a better understanding of global economic shocks. To suit the Fijian case study, instead of using the extended forward looking Uncovered Interest Parity (UIP) condition that is commonly assumed for small open economy models, a constant nominal exchange rate index was assumed. The model also introduces detailed trade balance measures given the importance of trade in Fiji as a source of foreign exchange. Overall, the model captures part of Fiji’s history qualitatively and future work is required to improve the magnitudes and the lags of the responses." @default.
- W2189187343 created "2016-06-24" @default.
- W2189187343 creator A5071300305 @default.
- W2189187343 date "2013-01-01" @default.
- W2189187343 modified "2023-09-24" @default.
- W2189187343 title "Towards A Macroeconomic Model for Fiji" @default.
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