Macroeconomic Fluctuations in the Caribbean : The Role of Climatic and External Shocks /
This paper develops country-specific VAR models with block exogeneity restrictions to analyze how exogenous factors affect business cycles in the Eastern Caribbean. It finds that external shocks play a key role, explaining more than half of macroeconomic fluctuations in the region. Domestic business...
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| Format: | Revija |
| Jezik: | English |
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Washington, D.C. :
International Monetary Fund,
2009.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2009/159 |
| Online dostop: | Full text available on IMF |