Macrofinancial Linkages and Growth at Risk in the Dominican Republic /

This paper uses the Growth-at-Risk (GaR) methodology to examine how macrofinancial conditions affect the growth outlook and its probability distribution. Using this approach, we evaluate risks to GDP growth in the Dominican Republic using quarterly data for 1996-2018. We group macrofinancial conditi...

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প্রধান লেখক: Bespalova, Olga
অন্যান্য লেখক: Rousset, Marina
বিন্যাস: পত্রিকা
ভাষা:English
প্রকাশিত: Washington, D.C. : International Monetary Fund, 2019.
মালা:IMF Working Papers; Working Paper ; No. 2019/246
বিষয়গুলি:
অনলাইন ব্যবহার করুন:Full text available on IMF
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245 1 0 |a Macrofinancial Linkages and Growth at Risk in the Dominican Republic /  |c Olga Bespalova, Marina Rousset. 
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300 |a 1 online resource (19 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper uses the Growth-at-Risk (GaR) methodology to examine how macrofinancial conditions affect the growth outlook and its probability distribution. Using this approach, we evaluate risks to GDP growth in the Dominican Republic using quarterly data for 1996-2018. We group macrofinancial conditions in five principal determinants, based on 32 indicators. The Dominican Republic's growth distribution appears most vulnerable to negative shocks to domestic financial conditions, domestic leverage, domestic demand, and external demand, with additional repercussions from the external cost of borrowing in the longer run. Our findings show that domestic monetary policy plays a particularly important role in reducing growth vulnerabilities when the economy is weak. 
538 |a Mode of access: Internet 
651 7 |a Dominican Republic  |2 imf 
700 1 |a Rousset, Marina. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2019/246 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2019/246/001.2019.issue-246-en.xml  |z IMF e-Library