Document Type
Article
Publication Date
2-20-2013
Journal / Book Title
Journal of Economics and Economic Education Research
Abstract
This study assesses the effect of higher and more volatile oil prices on the Central American and Caribbean economies. The focus of the study is on the macroeconomic implications of higher oil prices on economic performance (output and investment growth, inflation, balance of payments), policy instruments and response (interest rates, public debt, subsidies, government expenditure), and effect on financial markets (debt maturity, composition and payments arrears). Once such effects are established, the study provides country-specific policy prescriptions based on the countries' international energy balance, and composition of their power generation structure. © 2012 by the DreamCatchers Group, LLC.
MSU Digital Commons Citation
Portes, Luis San Vicente, "Macroeconomic and financial effects of high and volatile oil prices" (2013). Department of Economics Faculty Scholarship and Creative Works. 95.
https://digitalcommons.montclair.edu/economics-facpubs/95
Rights
This work is licensed under a Creative Commons Attribution 4.0 International License.
Published Citation
Portes, L. S. V. (2013). Macroeconomic and financial effects of high and volatile oil prices. Journal of Economics and Economic Education Research, 13(2), 37-54.