IDEAS home Printed from https://ideas.repec.org/a/idn/journl/v26y2023i3bp437-444.html
   My bibliography  Save this article

How Are Fuel Prices Linked To Fiji’S Macroeconomy?

Author

Listed:
  • Joel Abraham

    (Fijian Competition and Consumer Commission)

  • Prof. Paresh K. Narayan

    (Monash University - Australia)

Abstract

Understanding how well the fuel market (or its prices) are linked to a country’s macroeconomy has both fiscal and monetary policy coordination implications. This note attempts to provide an understanding of how shocks from the fuel market impact the macroeconomy and vice versa. Our results are novel: we show that Fiji’s macroeconomy only absorbs a maximum of 31% of shocks from the system, implying that most movements in the macroeconomy are due to fundamentals and not the fuel market. The key policy message is that pricing behavior and any price controls associated with the fuel market will not have negative macroeconomic connotations.

Suggested Citation

  • Joel Abraham & Prof. Paresh K. Narayan, 2023. "How Are Fuel Prices Linked To Fiji’S Macroeconomy?," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 26(3), pages 437-444, September.
    • Handle: RePEc:idn:journl:v:26:y:2023:i:3b:p:437-444
    DOI: https://doi.org/10.59091/2460-9196.2106
    as

    Download full text from publisher

    File URL: https://bulletin.bmeb-bi.org/cgi/viewcontent.cgi?article=2106&context=bmeb
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.59091/2460-9196.2106?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idn:journl:v:26:y:2023:i:3b:p:437-444. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lutzardo Tobing or Jimmy Kathon (email available below). General contact details of provider: https://edirc.repec.org/data/bigovid.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.