This paper analyzes the business cycle characteristics of the economies of the Organization of Eastern Caribbean States using a model of a small open economy subject to interest rate and fiscal expenditure shocks and financial frictions. The paper shows that macroeconomic aggregates in this...

This systematic country diagnostic (SCD) discusses on Belize's ability to promote faster poverty reduction and greater shared prosperity which will depend on how well the country deals with its main sources of vulnerability. The main areas in need of a big push that could have the highest...