This paper analyzes the business cycle characteristics of the economies of the Organization of Eastern Caribbean States using a model of a small open economy subject to interest rate and fiscal expenditure shocks and financial frictions. The paper shows that macroeconomic aggregates in this...

This systematic country diagnostic (SCD) discusses on Belize's ability to promote faster poverty reduction and greater shared prosperity which will depend on how well the country deals with its main sources of vulnerability. The main areas in need of a big push that could have the highest...

La Republica Dominicana se destaca por ser una economia en rapido crecimiento que no le ha sido posible generar una reduccion proporcional en la pobreza. Tres razones han sido planteadas anteriormente para explicar esta paradoja: (i) un mercado laboral que no traduce el aumento de la...

The Dominican Republic stands out as a fast growing economy that has not been able to generate a commensurate reduction in poverty. Three reasons have been raised before to explain this conundrum: (i) a labor market that does not translate productivity gains into salary increases; (ii) a...