Eastern Caribbean Currency Union; Selected Issues
This Selected Issues paper on the Eastern Caribbean Currency Union (ECCU) underlies key features of business cycles. To obtain new measures of classical and growth cycles, simple rules were applied to date turning points in the classical business cycle, and a recently developed frequency domain filter was used to estimate the growth cycle. At the regional level, the ECCU countries are facing two shocks, i.e., the depreciation of the U.S. dollar and the depreciation of the Dominican Republic’s peso. The countries of the ECCU have experienced modest erosion in their price and nonprice competitiveness.
Year of publication: |
2004-10-27
|
---|---|
Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Article IV consultations | Eastern Caribbean Currency Union | Economic conditions | Selected issues | real gdp | growth cycles | business cycles | correlation | business cycle | statistics | statistic | time series | correlations | gdp growth | standard deviation | skewness | kurtosis | growth rates | economic growth | heteroscedasticity | constant term | least squares regression | covariance | normal distribution | standard errors | growth rate | autocorrelation | logarithm | business cycle fluctuations | logarithms | polynomial | properties of business cycles | transmission of business cycles | probability | sample size | hypothesis testing | equation | monte carlo simulations | nature of business cycle | arithmetic | standard deviations |
Saved in:
freely available
Saved in favorites
Similar items by subject
-
Cashin, Paul, (2004)
-
(2010)
-
Economic Growth and total Factor Productivity in Niger
Nachega, Jean-Claude, (2006)
- More ...
Similar items by person