The effects of monetary and fiscal policies on the level of economic activity in small open economies have generated much theoretical discussion over the years. However, no formal empirical analysis known to the authors has tested the effectiveness of these policies in the Caribbean economies....

In this paper the authors have investigated the response of exports in Morocco to exchange-rate volatility using the recently developed cointegration and error-correction techniques. In measuring volatility, many previous studies have used a moving-average standard-deviation. The authors argue...