Title: Macroeconomics and finance in the Caribbean : quantitative analyses /
Publisher: Caribbean Centre for Monetary Studies,
Year: 1997
Subjects: Finance Caribbean Area.; Macroeconomics.; Caribbean Area Economic policy.
Abstract: This is the second publication in the Technical Paper Series of the Caribbean Centre for Monetary Studies. It follows the earlieer Problems and Challenges in Modelling and Forecasting Economics, edited by Shelton Nicholls, Patrick Watson and Hyginus Leon (CCMS, 1996). The present volume provides a capsule of the state of the art in quantitative economic analysis in the Caribbean. The concerns range through macroeconomic modelling, macroeconomic policy the effects of external shocks, the efficacy of monetary targets, the roots of inflation, the relationship of government expenditure to growth, risk and return in securities markets, and the quality and characteristics (seasonality etc) of data. There is an overarcing concern about spurious correlation, and cointegration and error correction methodologies are employed whereever appropriate.