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Persistent link: https://www.econbiz.de/10010390044
This paper provides comprehensive empirical evidence that supports the predictions of Sargent and Wallace''s (1981) ""unpleasant monetarist arithmetic"" that an increase in public debt is typically inflationary in countries with large public debt. Drawing on an extensive panel dataset, we find...
Persistent link: https://www.econbiz.de/10014400653
Since 1996, the Bank of Jamaica (BoJ) has sought to limit changes in the exchange rate for the Jamaican dollar in the …
Persistent link: https://www.econbiz.de/10014401134
The sovereign debt restructuring operation in Jamaica undertaken in early-2010 was a unique experiment that perhaps …
Persistent link: https://www.econbiz.de/10014411309
arrangements of the common currency area governed by the Eastern Caribbean Central Bank (ECCB). Reforms in Jamaica improved …
Persistent link: https://www.econbiz.de/10014398064
The paper analyzes Jamaica''s experience of low growth despite consistently high investment. Cross-country analysis … specific channels through which high debt affects productivity growth and the allocation of resources in Jamaica, the study …
Persistent link: https://www.econbiz.de/10014400364
Barbados, Jamaica and Trinidad and Tobago, by estimating a restricted Vector Autoregressive model with Exogenous Variables …
Persistent link: https://www.econbiz.de/10011715386