03638oam 22009374 450 991078824590332120230721045647.01-4623-8304-11-282-84045-297866128404561-4519-8527-41-4518-6951-7(CKB)3170000000054994(SSID)ssj0000943018(PQKBManifestationID)11492231(PQKBTitleCode)TC0000943018(PQKBWorkID)10994193(PQKB)11559131(OCoLC)815741363(MiAaPQ)EBC1605808(IMF)WPIEE2008090(EXLCZ)99317000000005499420020129d2008 uf 0engurcnu||||||||txtccrPrice Dynamics in the Eastern Caribbean /Rupa Duttagupta, Yan SunWashington, D.C. :International Monetary Fund,2008.1 online resource (23 pages) illustrations (some color)IMF Working PapersIMF working paper ;WP/08/90Bibliographic Level Mode of Issuance: Monograph1-4519-1405-9 Includes bibliographical references.The Eastern Caribbean Currency Union (ECCU) countries share a common currency, the EC dollar, which has been pegged to the U.S. dollar at the same rate for more than three decades. This paper examines the influence of the peg on ECCU price stability, and analyzes whether absolute Purchasing Power Parity (PPP) holds within the currency union. It shows that U.S. price stability has helped anchor price movement in the ECCU. As the same time, inflation in the ECCU is not entirely imported from the U.S., and has some domestic policy content. In addition, deviation from PPP within the ECCU can be attributed to persistent price dispersion of nontradables.IMF Working Papers; Working Paper ;No. 2008/090PricesCaribbean AreaEconometric modelsInflation (Finance)Caribbean AreaEconometric modelsMoneyCaribbean AreaEconometric modelsForeign ExchangeimfInflationimfMacroeconomicsimfPrice LevelimfDeflationimfOpen Economy MacroeconomicsimfCurrencyimfForeign exchangeimfPurchasing power parityimfReal exchange ratesimfConsumer price indexesimfPrice indexesimfPricesimfCaribbean AreaEconomic conditionsEconometric modelsUnited StatesEconomic conditionsEconometric modelsUnited StatesimfPricesEconometric models.Inflation (Finance)Econometric models.MoneyEconometric models.Foreign ExchangeInflationMacroeconomicsPrice LevelDeflationOpen Economy MacroeconomicsCurrencyForeign exchangePurchasing power parityReal exchange ratesConsumer price indexesPrice indexesPrices337.1729Duttagupta Rupa1462085Sun Yan690256DcWaIMFBOOK9910788245903321Price Dynamics in the Eastern Caribbean3673568UNINA