HOW EFFECTIVE ARE PRICE REGULATOR’S PRICE CONTROL MEASURES?

Biman Prasad (), Paresh K. Narayan () and Joel Abraham ()
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Biman Prasad: Monash University, Australia
Paresh K. Narayan: Monash University, Australia
Joel Abraham: Fijian Competition and Consumer Commission

Bulletin of Monetary Economics and Banking, 2023, vol. 26, issue 4, 563-570

Abstract: The Fijian Competition and Consumer Commission (FCCC) is Fiji’s independent price regulatory institution. If price control measures are effective, they could contribute to inflation mitigation. This note tests the effectiveness of FCCC’s price controlling role by proposing that it does not lead to inflation. Using time-series regression models, we establish the effect of FCCC’s regulatory effectiveness and show that it contributes to a reduction in prices at least five months after regulated prices come into force. We find that inflation declines by 0.5% or 26% of the sample annualized inflation (which is 1.93%).

Keywords: Price regulatory; Inflation (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:26:y:2023:i:4a:p:563-570

DOI: 10.59091/2460-9196.2123

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