How effective are price regulator's price control measures?
Prasad, Biman, Abraham, Joel, and Narayan, Paresh Kumar (2023) How effective are price regulator's price control measures? Buletin Ekonomi Moneter dan Perbankan, 26 (4). pp. 563-570.
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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%).
| Item ID: | 81572 |
|---|---|
| Item Type: | Article (Research - C1) |
| ISSN: | 2460-9196 |
| Keywords: | Inflation., Price regulatory |
| Copyright Information: | This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. |
| Date Deposited: | 07 Feb 2024 02:27 |
| FoR Codes: | 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350202 Finance @ 100% |
| SEO Codes: | 11 COMMERCIAL SERVICES AND TOURISM > 1102 Financial services > 110201 Finance services @ 100% |
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