Convergence of inflationary shocks: Evidence from the Caribbean

Cuestas, Juan Carlos; Ramlogan-Dobson, Carlyn

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. © 2013 John Wiley & Sons Ltd.

Citation

Cuestas, J. C., & Ramlogan-Dobson, C. (2013). Convergence of inflationary shocks: Evidence from the Caribbean. The World economy, 36(9), 1229-1243. https://doi.org/10.1111/twec.12082

• Journal Article Type: Article
• Online Publication Date: Jun 7, 2013
• Publication Date: Sep 1, 2013
• Deposit Date: May 9, 2022
• Journal: World Economy
• Print ISSN: 0378-5920
• Publisher: Wiley
• Peer Reviewed: Peer Reviewed
• Volume: 36
• Issue: 9
• Pages: 1229-1243
• DOI: https://doi.org/10.1111/twec.12082
• Public URL: https://hull-repository.worktribe.com/output/3590048