Modeling the relationship between budget deficits, money supply and inflation in Fiji

For Fiji, which has been suffering persistent deficits since independence, determining the relationships between inflation, budget deficits, money supply, output, and import prices is essential. We find that inflation, deficits and money supply are cointegrated when inflation is the endogenous variable, and the long-run elasticities confirm that money supply and deficits induce inflation. While there is a short-run, unidirectional causality running from money supply to inflation and a bi-directional causality between money supply and budget deficits, in the long run both money supply and deficits ?Granger-cause? inflation.

Stephen Procter: reflections of a glass artist

Stephen Procter: Reflections of a Glass Artist, records the thoughts and philosophies of the artist and glassmaker who for a number of years headed the Glass Department of the Australian National University School of Art. It traces his career in glass working from his first interest developed through a pointillist technique while living on Dartmoor; through his British Council-funded grant that enabled him to learn glass blowing and cutting techniques in Austria; to the mature landscape paintings and glass sculptures created during his years living in Australia.