TY  - BOOK
AU  - Cashin,Paul
TI  - Caribbean Business Cycles
T2  - IMF Working Papers; Working Paper
SN  - 1451855842 :
SN  - 1018-5941
PY  - 2004///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Business Cycle
KW  - imf
KW  - Correlation
KW  - Cycle Synchronization
KW  - Growth Cycles
KW  - Real GDP
KW  - Antigua and Barbuda
KW  - Saint Vincent and the Grenadines
N2  - This paper identifies and describes key features of Caribbean business cycles during the period 1963-2003. In particular, the chronologies in the Caribbean classical cycle (expansions and contractions in the level of output) and growth cycle (periods of above-trend and below-trend rates of economic growth) are identified. It is found that Caribbean classical cycles are longer-lived than those of developed countries and non-Caribbean developing countries. While there are large asymmetries in the duration and amplitude of phases in the Caribbean classical cycle, on both measures the Caribbean growth cycle is much more symmetric. Further, there is some evidence of synchronization among the classical cycles of Caribbean countries, and stronger evidence of synchronization of Caribbean growth cycles
UR  - http://elibrary.imf.org/view/IMF001/01107-9781451855845/01107-9781451855845/01107-9781451855845.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451855845
ER  -