Convergence of inflationary shocks: evidence from the Caribbean

Juan Cuestas and Carlyn Dobson
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Carlyn Dobson: University of Hull, UK

No 02/2013, NCID Working Papers from Navarra Center for International Development, University of Navarra

Abstract: In this paper we aim to shed some light on the inflation dynamics in the Caribbean. We analyse the inflation rates for twelve countries using various time series methods. The results show that the inflation rates are mean reverting processes and that there is evidence of a convergence club in inflation rates within the area, which contradicts previous studies. Our contribution implies a high degree of similarity in the dynamics of our target countries’ inflation rates.

Keywords: Caribbean; inflation persistence; monetary union and unit roots (search for similar items in EconPapers)
JEL-codes: C32 F15 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2013-02
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Citations: View citations in EconPapers (6)

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http://ncid.unav.edu/download/file/fid/139 (application/pdf)
http://onlinelibrary.wiley.com/doi/10.1111/twec.12082/full Link to published text

Related works:
Journal Article: Convergence of Inflationary Shocks: Evidence from the Caribbean (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:nva:unnvaa:wp02-2013

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