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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Sosa, Sebastian
Weitere Verfasser: Cashin, Paul
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2009.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2009/159
Online Zugang:Full text available on IMF