Macroeconomic Fluctuations in the Caribbean : The Role of Climatic and External Shocks

The Role of Climatic and External Shocks

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 cycles are especially vulnerable to changes in... READ MORE...

Publication date: July 2009
ISBN 9781451873061
$18.00

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