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010   $a9786612842924
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100   $a20041202d2009      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aECCU business cycles$b[electronic resource] $eimpact of the United States /$fprepared by Yan Sun and Wendell Samuel
210   $a[Washington D.C.] $cInternational Monetary Fund$d2009
215   $a1 online resource (25 p.)
225 1 $aIMF working paper ;$vWP/09/71
300   $aDescription based upon print version of record.
311   $a1-4519-1653-1 
320   $aIncludes bibliographical references.
327   $aContents; 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
327   $a5. 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
330   $aWith a fixed peg to the U.S. dollar for more than three decades, the tourism-dependent Eastern Caribbean Currency Union (ECCU) countries share a close economic relationship with the U.S. This paper analyzes the impact of the United States on ECCU business cycles and identifies possible transmission channels. Using two different approaches (the common trends and common cycles approach of Vahid and Engle (1993) and the standard VAR analysis), it finds that the ECCU economies are very sensitive to both temporary and permanent movements in the U.S. economy and that such linkages have strengthened 
410  0$aIMF working paper ;$vWP/09/71.
606   $aBusiness cycles$zUnited States
606   $aEconomics$zUnited States
608   $aElectronic books.
615  0$aBusiness cycles
615  0$aEconomics
700   $aSun$b Yan$0690256
701   $aSamuel$b Wendell$0974753
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464067303321
996   $aECCU business cycles$92219599
997   $aUNINA