Eastern Caribbean Currency Union : Selected Issues

This Selected Issues paper on the Eastern Caribbean Currency Union (ECCU) underlies key features of business cycles. To obtain new measures of classical and growth cycles, simple rules were applied to date turning points in the classical business cycle, and a recently developed frequency domain filter was used to estimate the growth cycle. At the regional level, the ECCU countries are facing two shocks, i.e., the depreciation of the U.S. dollar and the depreciation of the Dominican Republic's peso. The countries of the ECCU have experienced modest erosion in their price and nonprice competitiveness.
Publication date: October 2004
ISBN: 9781451811667
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Economic Conditions , Economic Conditions , real output , business cycle , business cycles , macroeconomic fluctuations , standard deviation

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