Relative Effectiveness of Policy Choices during the Global Financial Crisis in PNG

Relative policy choices during the Global Financial crisis in PNG. pdf

Empirical results show that the Global Financial Crisis had minimal effect on the PNG economy as financial institutions in PNG were mainly domestically funded and there was not much exposure to foreign shocks. It was also established that short term shocks can be mitigated in PNG by Fiscal Policy while long term economic growth prospects were suppoted by Monetary Policy.