1 Mayo 2017, 00:00 - 14 Oct 2025, 10:06
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Publicación
The Preliminary Overview of the Economies of the Caribbean analyzes in its 2016-2017 edition the economic performance of the region throughout 2016, the international context and macroeconomic policies implemented by countries, while also providing an outlook for 2017. The Caribbean recorded economic growth of only 0.8 per cent in 2016 but growth is expected to rebound to 2.4 per cent in 2017. The poor performance observed in 2016 was primarily due to a 3.7 percent contraction in the goods producing economies, which were hard hit by the decline in commodity prices in general and hydrocarbons i…
1 Ago 2002, 00:00 - 14 Oct 2025, 10:03
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Publicación
Abstract
Behind the discussion on optimal exchange-rate regimes lies the need to achieve external and internal equilibrium, and thus create an appropriate macroeconomic climate for sustained growth and development. The optimality and feasibility of exchange-rate regimes in individual Latin American and Caribbean countries must take into consideration several parameters linked to microeconomics, open macroeconomics, and political economy aspects. More recently, the discussion has incorporated the regional dimension and the possibility of joining monetary unions to the set of feasible national s…
1 Nov 2014, 00:00 - 14 Oct 2025, 10:06
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Publicación
For six years, the global economy has been driven by the U.S. Federal Reserve’s policies of easy money. Liquidity has flowed from developed to developing economies, financing infrastructure and corporate investment and allowing consumers to indulge in credit-fuelled retail spending. Thus the effective ending of the Fed’s third round of asset purchases (QE3) at the end of October represents both a watershed and the beginning of a new stage in the world economy. The end of asset-purchases comes at a challenging time for emerging markets, with China’s economy slowing, the Euro zone struggling to …
1 Abr 2002, 00:00 - 14 Oct 2025, 10:06
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Publicación
Abstract The deep economic crisis of Argentina has been causing an active quest for conclusions of topical or general importance. Indeed, an experience of this kind is likely to generate useful lessons for macroeconomic theory and policy design. Some of them may be simple and straightforward (e.g.: under strong uncertainty, the arguments for precautionary savings should apply particularly to fiscal policies). However, we believe that the questions raised hardly lend themselves to trivial answers. In this paper, we propose to undertake a brief (and certainly, partial and preliminary) di…
1 Feb 2003, 00:00 - 14 Oct 2025, 10:06
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Publicación
Abstract This paper looks at the evolution of the terms of trade between commodities and manufactures in the twentieth century. A statistical analysis of the relative price series for 24 commodities and of eight indices reveals a significant deterioration in their barter terms of trade over the course of the twentieth century. This decline was neither continuous, nor was it distributed evenly among individual products, however. The data show that the far-reaching changes that the world economy underwent around 1920 and again around 1980 led to…