Inflation and the variability of relative prices in the Caribbean: evidence from panel threshold models
Includes bibliography
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ECLAC
2014
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| Acceso en línea: | http://hdl.handle.net/11362/4085 |
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oai-11362-40852020-03-06T16:50:27Z Inflation and the variability of relative prices in the Caribbean: evidence from panel threshold models Alleyne, Dillon Lugay, Beverly INFLACION PRECIOS DATOS ESTADISTICOS INFLATION PRICES STATISTICAL DATA Includes bibliography This 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. 2014-01-02T15:22:07Z 2014-01-02T15:22:07Z 2011-10 Texto Documento Completo http://hdl.handle.net/11362/4085 LC/CAR/L.347 LC/W.444 en Documentos de Proyectos 444 application/pdf CARIBE CARIBBEAN REGION ECLAC |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
INFLACION PRECIOS DATOS ESTADISTICOS INFLATION PRICES STATISTICAL DATA |
| spellingShingle |
INFLACION PRECIOS DATOS ESTADISTICOS INFLATION PRICES STATISTICAL DATA Alleyne, Dillon Lugay, Beverly Inflation and the variability of relative prices in the Caribbean: evidence from panel threshold models |
| description |
Includes bibliography |
| format |
Texto |
| author |
Alleyne, Dillon Lugay, Beverly |
| author_facet |
Alleyne, Dillon Lugay, Beverly |
| author_sort |
Alleyne, Dillon |
| title |
Inflation and the variability of relative prices in the Caribbean: evidence from panel threshold models |
| title_short |
Inflation and the variability of relative prices in the Caribbean: evidence from panel threshold models |
| title_full |
Inflation and the variability of relative prices in the Caribbean: evidence from panel threshold models |
| title_fullStr |
Inflation and the variability of relative prices in the Caribbean: evidence from panel threshold models |
| title_full_unstemmed |
Inflation and the variability of relative prices in the Caribbean: evidence from panel threshold models |
| title_sort |
inflation and the variability of relative prices in the caribbean: evidence from panel threshold models |
| publisher |
ECLAC |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/4085 |
| work_keys_str_mv |
AT alleynedillon inflationandthevariabilityofrelativepricesinthecaribbeanevidencefrompanelthresholdmodels AT lugaybeverly inflationandthevariabilityofrelativepricesinthecaribbeanevidencefrompanelthresholdmodels |
| _version_ |
1718438220114427904 |