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Macroeconomic performance and external shocks on small, open economies : the Caribbean experience.

By:

GAFAR, John

Material type: Text

TextPublication details: 1996Action note:

3/7/00 M2LMGR

Summary: Discusses various types of external shocks, and presents some statistical estimates of the costs and benefits associated with external shocks. Argues that an outward-looking trade policy forces factor and commodity prices to reflect their scarcity values, and results in a more efficient allocation of resources

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Discusses various types of external shocks, and presents some statistical estimates of the costs and benefits associated with external shocks. Argues that an outward-looking trade policy forces factor and commodity prices to reflect their scarcity values, and results in a more efficient allocation of resources

3/7/00 M2LMGR

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