An autoregressive test of inflation and economic performance in the Caribbean

Boyd, D. and Smith, Ron P. (2004) An autoregressive test of inflation and economic performance in the Caribbean. In: 5th IAABD Annual Conference.

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Abstract

There is a growing consensus that monetary policy occupies a primary position in macroeconomic management. In this study we analyse how monetary policy performed in a sample of Caribbean countries. In a descriptive statistics analysis, framed within the discretion versus rules debate, we argue that there is not only an association between monetary policy, inflation and economic performance but also that the institutional contexts provided varying degrees of constraints on policy. We use a univariate analysis on the price variables to conduct a comparative analysis on inflation and examined the background to the relationship between mean inflation and inflation persistence.

Metadata

Item Type:	Conference or Workshop Item (Paper)
School:	Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
Depositing User:	Sarah Hall
Date Deposited:	24 Nov 2020 19:43
Last Modified:	02 Aug 2023 18:05
URI:	https://eprints.bbk.ac.uk/id/eprint/41714

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