Inflation and the variability of relative prices in the Caribbean: evidence from panel threshold models

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/W.444
cepal.docTypeDocumentos de proyectos e investigación
cepal.idSade45465
cepal.jobNumberS2011931 E
cepal.physicalDescriptiongráficos, tablas
cepal.regionalOfficePuerto España
cepal.topicEngINFLATION
cepal.topicEngPRICES
cepal.topicEngSUSTAINABLE DEVELOPMENT
cepal.topicSpaINFLACIÓN
cepal.topicSpaPRECIOS
cepal.topicSpaDESARROLLO SOSTENIBLE
cepal.workareaEngSUSTAINABLE DEVELOPMENT AND HUMAN SETTLEMENTS
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO SOSTENIBLE Y ASENTAMIENTOS HUMANOS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.authorAlleyne, Dillon
dc.contributor.authorLugay, Beverly
dc.coverage.spatialEngCARIBBEAN REGION
dc.coverage.spatialSpaCARIBE
dc.date.accessioned2014-01-02T15:22:07Z
dc.date.available2014-01-02T15:22:07Z
dc.date.issued2011-10
dc.descriptionIncludes bibliography
dc.description.abstractThis paper examines the impact of inflation and its variability for eight Caribbean countries; Antigua and Barbuda, Bahamas, Barbados, Dominica, Grenada, Jamaica, Saint Kitts and Nevis and Saint Vincent and the Grenadines. The paper goes beyond the standard approach to examine the variability of relative prices (VRP) within the context of a threshold effects framework, since it was recognized that whether inflation was low or very high was significant in determining its impact on an economy. The paper employed a panel threshold effects model to capture the non-linear nature of the relationship, which exists between inflation and its variability. The findings are that inflation variability is high at both low and high rates of inflation and that inflation targeting could have an upper-bound of at most 10% for the Caribbean. It was also found that such variability could even exist in a low inflation environment, which added to inflation uncertainty. Of course this conclusion is subject to the fact that there is considerable variation in inflation rates among countries in the Caribbean subregion and therefore policies to address inflation would have to be country specific.
dc.formatTexto
dc.format.extent27 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/CAR/L.347
dc.identifier.unSymbolLC/W.444
dc.identifier.urihttps://hdl.handle.net/11362/4085
dc.language.isoeng
dc.physicalDescription27 p. : gráfs., tabls.
dc.publisherECLAC
dc.publisher.placePort-of-Spain
dc.relation.isPartOfSeriesDocumentos de Proyectos
dc.relation.isPartOfSeriesNo444
dc.subject.unbisEngINFLATION
dc.subject.unbisEngPRICES
dc.subject.unbisEngSTATISTICAL DATA
dc.subject.unbisSpaINFLACION
dc.subject.unbisSpaPRECIOS
dc.subject.unbisSpaDATOS ESTADISTICOS
dc.titleInflation and the variability of relative prices in the Caribbean: evidence from panel threshold models
dc.type.coarlibro
dspace.entity.typePublication
relation.isAuthorOfPublication2ab95237-472d-4ba9-8a56-fe19e9d26512
relation.isAuthorOfPublicationfa76979b-de1d-4c3f-bee5-84d2ebb8d591
relation.isAuthorOfPublication.latestForDiscovery2ab95237-472d-4ba9-8a56-fe19e9d26512
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