Fiscal Cycles in the Caribbean

Author/creator Araujo, Juliana Dutra Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description58 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation 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.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781451917338
ISBN1451917333 (E-Book) Active Record
Stock number00013468

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