01747cas a2200241 a 4500 AALejournalIMF016976 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498377423 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Dominica : Selected Issues. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (32 pages) IMF Staff Country Reports <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 This Selected Issues paper presents a proposal for the creation of savings funds (SF) for rehabilitation and reconstruction after natural disasters (ND) in Dominica. A Monte Carlo experiment is used to calibrate the size of the SF, based on the distribution of ND fiscal shocks estimated from an empirical fiscal model. ND shocks are identified by controlling for other major sources of shock affecting the cyclical fluctuations of output, and government revenue and expenditure, and by calibrating the probability of ND consistent with their historical frequency. It is concluded that under the parameter calibrations proposed, the SF would be financially sustainable with a low probability of depletion. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/245 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/245/002.2016.issue-245-en.xml IMF e-Library