Series: IMF Working Papers
Author(s): Gregorio Impavido
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 June 2018
Keywords: Central banks and their policies, Exchange rate pegs, Western Hemisphere, Inflation, Monetary transmission mechanism, Oil prices, Barbados, monetary transmission, pegged exchange rate, capital controls
Inflation in Barbados is mainly imported. But how are external shocks transmitted to the domestic economy? Shouldn't there be also a domestic component, albeit very small, given the presence of capital controls? We...