1.

Record Nr.

UNINA9910773258503321

Titolo

06 The performers; Indian Recordings (Schomerus 1929) : 1. Introductory notes, comments and transcriptions

Pubbl/distr/stampa

Verlag der Österreichischen Akademie der Wissenschaften

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

2.

Record Nr.

UNINA9910960890003321

Autore

Sun Yan

Titolo

ECCU Business Cycles : : Impact of the U.S. / / Yan Sun, Wendell Samuel

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2009

ISBN

9786612842924

9781462316427

1462316425

9781452737966

1452737967

9781451872187

1451872186

9781282842922

1282842927

Edizione

[1st ed.]

Descrizione fisica

1 online resource (25 p.)

Collana

IMF Working Papers

Altri autori (Persone)

SamuelWendell

Disciplina

332.152

Soggetti

Business cycles - United States

Economics - United States

Balance of payments

Business cycles

Business Fluctuations

Commodity Markets

Commodity prices

Cycles

Diffusion Processes

Dynamic Quantile Regressions

Dynamic Treatment Effect Models

Econometric analysis

Econometrics & economic statistics



Econometrics

Economic Growth of Open Economies

Economic growth

Exports and Imports

Externalities

Financial sector policy and analysis

International economics

International finance

Macroeconomics

Prices

Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)

Remittances

Spillovers

Time-Series Models

Vector autoregression

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Business Cycles and Spillovers; A. Analysis of Business Cycles in the Caribbean; B. Common Trend and Cycle Analysis; C. Transmission of U.S. Shocks to the Caribbean; III. Econometric Methodology and Data; A. The Common Trends and Common Cycles Approach; B. The VAR Analysis; C. The Data; IV. Empirical Results; Tables; 1. Summary Statistics of Real GDP Growth; A. Caribbean Common Trends and Common Cycles; 2. VAR Lag Order Selection; 3. Tests for the Number of Cointegrating Vectors; 4. Growth Elasticities in the Caribbean; B. Spillovers from the U.S. to the ECCU

5. Diagnostics of Growth Elasticity ModelsV. Conclusions and Policy Implications; Figures; 1. Three Common Cycles; 2. Four Common Trends; 3. Caribbean Countries: Cyclical Components of Real GDP; 4. Caribbean Countries: Trend Components of Real GDP; 5. ECCU: Responses to One Percent U.S. Growth Shock; 6. ECCU: Country Responses to One Percent U.S. Growth Shock; 7. Antigua and Barbuda: Responses to One Percent U.S. Growth Shock; References

Sommario/riassunto

With a fixed peg to the U.S. dollar for more than three decades, the tourism-dependent Eastern Caribbean Currency Union (ECCU) countries share a close economic relationship with the U.S. This paper analyzes the impact of the United States on ECCU business cycles and identifies possible transmission channels. Using two different approaches (the common trends and common cycles approach of Vahid and Engle (1993) and the standard VAR analysis), it finds that the ECCU economies are very sensitive to both temporary and permanent movements in the U.S. economy and that such linkages have strengthened over time. There is, however, less clear-cut evidence on the transmission channels. United States monetary policy does not appear to be an important channel of influence, while tourism is



important for only one ECCU country.