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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...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2009.
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| Colección: | IMF Working Papers.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Sosa, Sebastian. | |
| 245 | 1 | 0 | |a Macroeconomic Fluctuations in the Caribbean. |
| 260 | |a Washington : |b International Monetary Fund, |c 2009. | ||
| 300 | |a 1 online resource (29 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a I. Introduction; II. Econometric Approach; A. Specification and Identification Strategy; B. Block Structure, Variables, and Data; Tables; 1. Block Exogeneity Restrictions of the VAR Model; C. Estimation; III. Business Cycle Responses to External Shocks: Empirical Results; 2. Sources of Business Cycle Fluctuations in the Eastern Caribbean; 3. Climatic Shocks and Output Fluctuations in the ECCU; Figures; 1. Natural Disasters and GDP Growth in the Eastern Caribbean; 2. Response of Real Output to Climatic Shocks; 3. Response of Real Output to Climatic Shocks. | |
| 505 | 8 | |a 4. Oil Price Shocks and Output Fluctuations in the ECCU4. Response of Real Output to Oil Price Shocks; 5. Real GDP Growth in the Eastern Caribbean and Industrial Countries; 5. External Demand Shocks and Output Fluctuations in the ECCU; 6. Response of Real Output to External Demand Shocks; 6. World Real Interest Rate Shocks and Output Fluctuations in the ECCU; IV. Concluding Remarks; 7. Response of Real Output to World Real Interest Rate Shocks; Appendix Tables; A1. Antigua and Barbuda: Variance Decomposition of Real Output; A2. Dominica: Variance Decomposition of Real Output. | |
| 505 | 8 | |a A3. Grenada: Variance Decomposition of Real OutputA4. St. Kitts and Nevis: Variance Decomposition of Real Output; A5. St. Lucia: Variance Decomposition of Real Output; A6. St. Vincent and the Grenadines: Variance Decomposition of Real Output; References. | |
| 520 | |a 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 cycles are especially vulnerable to changes in climatic conditions, with a natural disaster leading to an immediate and significant fall in output-but the effects do not appear to be persistent. Oil price and external demand shocks also contribute significantly to domestic macroeconomic fluctuation. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Natural disasters |x Economic aspects. | |
| 651 | 0 | |a Caribbean Area |x Economic conditions. | |
| 650 | 6 | |a Catastrophes naturelles |x Aspect économique. | |
| 651 | 6 | |a Caraïbes (Région) |x Conditions économiques. | |
| 650 | 7 | |a Economic history |2 fast | |
| 650 | 7 | |a Natural disasters |x Economic aspects |2 fast | |
| 651 | 7 | |a Caribbean Area |2 fast | |
| 700 | 1 | |a Cashin, Paul. | |
| 776 | 0 | 8 | |i Print version: |a Sosa, Sebastian. |t Macroeconomic Fluctuations in the Caribbean: the Role of Climatic and External Shocks. |d Washington : International Monetary Fund, ©2009 |z 9781451873061 |
| 830 | 0 | |a IMF Working Papers. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1608375 |z Texto completo |
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