01599cas a2200241 a 4500 AALejournalIMF005938 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451873054 1018-5941 BD-DhAAL BD-DhAAL Araujo, Juliana. Fiscal Cycles in the Caribbean / Juliana Araujo. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The sharp increase in debt in the Caribbean since the mid-1990s has focused attention on the conduct of fiscal policy in the region. This paper aims to diagnose how fiscal policy has behaved during this period by looking at three main cycles of the economy: the business, election, and natural disaster cycles. Our main findings suggest that fiscal policy has been mostly procyclical in the region, while disasters have been heavily "insured" by foreign transfers. The "when it rains, it pours" phenomena suggested by Kaminsky, Reinhart and Vegh (2004) seems to take place in the Caribbean. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2009/158 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/158/001.2009.issue-158-en.xml IMF e-Library