Fiscal Cycles in the Caribbean
Volume/Issue:
Volume 2009
Issue 158
Publication date: July 2009
ISBN: 9781451873054
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
| Paperback | ePub | Mobi | ||
| English |
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book
This title contains information about the following subjects.
Click on a subject if you would like to see other titles with the same subjects.
Business and Economics , Economics- Macroeconomics , Public Finance , WP , government , ECCU country , Procyclicality , fiscal accounts , natural disasters , Caribbean , ECCU economy , ECCU value , government consumption growth , capital revenue , Fiscal stance , Business cycles
Summary
The sharp increase in debt in the Caribbean since the mid-1990s has focused attention on the conduct of fiscal policy in the region. This paper aims to diagnose how fiscal policy has behaved during this period by looking at three main cycles of the economy: the business, election, and natural disaster cycles. Our main findings suggest that fiscal policy has been mostly procyclical in the region, while disasters have been heavily "insured" by foreign transfers. The "when it rains, it pours" phenomena suggested by Kaminsky, Reinhart and Vegh (2004) seems to take place in the Caribbean.
Copyright © 2010 - 2026
Powered by:
AIDC