Eastern Caribbean Currency Union: Selected Issues
August 26, 2005
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This Selected Issues paper analyzes macroeconomic fluctuations in the Eastern Caribbean Currency Union (ECCU). The paper describes data, along with the estimation technique used to ensure stationarity of the data. The empirical regularities of macroeconomic fluctuations in the ECCU are described, examining the relationship between a set of macroeconomic time series and domestic output, for each of the six IMF members of the ECCU. The paper also explores the determinants of macroeconomic volatility in the ECCU.
Subject: Environment, Exchange rate arrangements, Fiscal policy, Fiscal stance, Foreign exchange, Migration, Natural disasters, Population and demographics, Tax incentives
Keywords: Caribbean, CR, ECCU country, ECCU economy, ECCU government, emigration loss, Exchange rate arrangements, Fiscal stance, government, ISCR, member government, Migration, Natural disasters, North America
Pages:
157
Volume:
2005
DOI:
Issue:
305
Series:
Country Report No. 2005/305
Stock No:
1ECCEA2005002
ISBN:
9781451811681
ISSN:
1934-7685
