Abstract
IMF Country Report No. 22/41
Copyright Page
IMF Country Report No. 22/41
DOMINICA
SELECTED ISSUES
February 2022
This Selected Issues paper on Dominica was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on January 18, 2022.
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© 2022 International Monetary Fund
Title Page
DOMINICA
SELECTED ISSUES
January 18, 2022
Approved By
Western Hemisphere Department
Prepared by Alejandro Guerson, Camila Perez Marulanda, Carolina Brozdowski, Salma Khalid (all WHD), Marina Mendes Tavares (RES), and Wei Guo (former SPR).
Contents
BUILDING RESILIENCE TO NATURAL DISASTERS: GROWTH AND INCOME DISTRIBUTION IMPLICATIONS OF ALTERNATIVE GOVERNMENT FINANCING INSTRUMENTS
A. Introduction
B. General Model Description
C. Optimization Problems
D. Equilibrium
E. Calibration
F. Results
G. Benchmark
H. Building Resilience
I. Conclusion
References
FIGURES
1. The Impact of ND on the Benchmark Economy
2. Fiscal Instruments
TABLES
1. Model Structure
2. Parameters
3. Moment Calibration Summary
4. Tax Changes in the Fiscal Policy Experiments
5. Policy Instruments Rankings
MEASURING THE SHADOW ECONOMY IN DOMINICA
A. Background and Motivation
B. Measuring the Shadow Economy in Dominica using the MIMIC Model
References