A lot has happened since then in Fiji and the world. Back then everyone thought that the sub prime problem was virtually over perhaps with a short tail. How very wrong we were. As you know, the crisis has deepened and widened beyond anyone’s imagination. What is happening around us is unprecedented.
BIS Review 28/2008  1  Nevertheless, based upon Bill’s thoughtful piece of analysis, any attempt of further research to quantify the magnitude of the impact of each factor in diminishing inflation will be very much welcomed. It will definitely provide additional light on this issue, empowering the author’s work.