Resilience and growth in the small states of the Pacific

Cover -- Contents -- Foreword -- Preface -- Acknowledgments -- Contributors -- Part I: Setting the Stage: The Quest for Resilience and Growth in the Pacific Islands -- 1 Economic Growth in the Pacific Island Countries-Challenges, Constraints, and Policy Responses -- 2 Raising Potential Growth and Enhancing Resilience to Shocks -- 3 Building Resilience in the Pacific Island Countries -- 4 The Pacific Speed of Growth: How Fast Can It Be and What Determines It? -- 5 Strengthening Macro-Fiscal Resilience to Natural Disasters and Climate Change in the Small States of the Pacific -- Part II: Managing External Spillovers, Shocks, and Vulnerabilities -- 6 Global and Regional Spillovers to Pacific Island Countries -- 7 Major Economic Shocks and Pacific Island Countries during the Global Economic Crisis -- 8 Drivers of Inflation in the Pacific Island Countries -- 9 Vulnerabilities of Isolated Small Island States in the Pacific -- Part III: Tailoring Macroeconomic Policies to the Small States of the Pacific -- 10 Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States -- 11 Estimating Fiscal Multipliers Using a Simplified General Equilibrium Model of Small States, with Application to Kiribati and Palau -- 12 Monetary Policy Transmission Mechanisms in Pacific Island Countries -- 13 Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through -- 14 The Role of Excess Liquidity and Interest Rate Pass-Through for the Monetary Transmission Mechanism in the Pacific -- Part IV: Removing Structural Impediments to Growth -- 15 Planning Public Financial Management Reforms in Pacific Island Countries -- 16 Pacific Island Countries: Trade Integration in a Changing Global Economy -- 17 Determinants of Interest Rate Spreads in the Solomon Islands -- 18 Interest Rates, Bank Profitability, and Capital Adequacy in the South Pacific.