Does Demand Volatility Lower Growth and Raise Inflation? Evidence from the Caribbean

Does Demand Volatility Lower Growth and Raise Inflation? Evidence from the Caribbean
The paper investigates asymmetry in the allocation of aggregate demand shocks between real output growth and price inflation over the business cycle in a sample of fifteen Caribbean countries. In most countries, the evidence indicates the existence of structural constraints, implying that positive demand shocks feed predominantly into prices... READ MORE...

Publication date: April 2014
ISBN 9781484359679
$18.00

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