This is indeed quite a mouthful, but clearly what many of us desire for our country. Many of you will already be wondering how is it ever possible for the Reserve Bank to achieve their Vision of Leading Fiji to Economic Success given the current state of Fiji’s economy, which we all agree is going through some tough times.
However, often the residual is a measure of the lack of explanatory power of the simple policy rule itself. Now, to the extent that economies are structurally different and are hit by shocks with different timings, •  global factors affect these economies with different lags.