| Description |
1 online resource (43 pages) |
| Series |
IMF country report ; no. 10/364 |
|
IMF country report ; no. 10/364.
|
| Contents |
Barbados : growth dynamics / prepared by Gamal El-Masry and Lulu Shui -- Barbados : external stability / prepared by John Ralyea -- Barbados' financial system in the aftermath of the global crisis / prepared by Carla Macario |
| Summary |
1. Lack of information about Barbados' growth potential and its determinants has hampered the analysis of inflationary pressures and debt dynamics in the country. Accelerating inflation before the current recession broke out suggests that aggregate demand was running ahead of supply. However, sticky inflation figures so far in 2010 raise the issue of the relative importance of economic slack and commodity price shocks in determining the cost of living in Barbados. To shed light on the issue, measures of Barbados' potential to produce goods and services are needed, so that cyclical pressures on production resources can be separated from exogenous shocks. Moreover, the public debt as a ratio of GDP has experienced a marked spike in the past five years. Looking ahead, sustainable debt accumulation will depend on trend growth rates in the country, which creates an urgent need for forward-looking estimates of Barbados' growth potential. This note attempts to close this information gap by using a growth accounting exercise to estimate potential growth and its main drivers |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from PDF title page (IMF Web site, viewed May 11, 2011) |
| Subject |
International Monetary Fund -- Barbados
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Economic development -- Barbados
|
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Gross domestic product -- Barbados
|
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Business cycles -- Barbados
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Foreign exchange rates -- Barbados
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Bank reserves -- Barbados
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Financial institutions -- Barbados
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Bank reserves
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Business cycles
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Economic development
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Financial institutions
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Foreign exchange rates
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Gross domestic product
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Barbados
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| Form |
Electronic book
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| Author |
Estevão, Marcello M., author.
|
|
International Monetary Fund, issuing body.
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| ISBN |
1283554356 |
|
9781283554350 |
|
9781455246809 |
|
1455246808 |
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