Series: IMF Working Papers
Author(s): Sebastian Sosa , and Paul Cashin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2009
Keywords: Business cycle, VAR, block exogeneity, Eastern Caribbean, gdp growth, real gdp, Multiple or Simultaneous Equation Models: Time-Series Models, Open Economy Macroeconomics,
This paper develops country-specific VAR models with block exogeneity restrictions to analyze how exogenous factors affect business cycles in the Eastern Caribbean. It finds that external shocks play a key role, ex...