Macroeconomic Fluctuations in the Caribbean.
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: | eBook |
Language: | English |
Published: |
Washington :
International Monetary Fund,
2009.
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Series: | IMF working paper (Online)
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