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Macroeconomic fluctuations in the Caribbean : the role of climatic and external shocks

Sosa, Sebastián

Macroeconomic fluctuations in the Caribbean : the role of climatic and external shocks - [Washington]US IMF 2009 - 27 p.

Develops country-specific VAR models with block exogeneity restrictions to analyze how exogenous factors affect business cycles in the Eastern Caribbean. Finds that external shocks play a key role, explaining more than half of macroeconomic fluctuations in the region.

Universal Decimal Class. No.: 03.02.04 S7153

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