Issues in Monetary and Fiscal Policy in Small Developing States

A Case Study of the Caribbean

By Anthony Birchwood, Marielle Goto

This study examines how monetary and fiscal policies are implemented in Caribbean small states, tracing the differences and similarities in tax structure, current expenditure and current revenues. It shows the impact of monetary policy on inflation and the importance of exchange rate regimes to the effectiveness of monetary policy in the region. The authors show that fiscal stabilisation in the region is very low and as such countries within the region would benefit from insurance mechanisms and stabilisation funds.


Publication Date: 9/23/2011
Format: Paper
ISBN: 9781849290616


Temporarily out of stock.