The study constructs a monetary policy indicator (MPI) from monetary policy documents and the actions of the Bank of Jamaica and Ministry of Finance and Economic Planning, and uses it to estimate four variants of an analytical narrative-vector error correction model (AN-VECM) with cointegration...

Error-correction model and stepwise Granger causality technique are used to examine the long-run and short-term causal relationships between taxes and spending to determine the effective way of reducing deficit and debt problems in four Caribbean countries with bicameral legislatures. Granger's...