Exchange rate and output fluctuations in the small open economy of Mauritius (English)

The authors estimate a VAR and compute generalized impulse response to analyze the joint dynamics of four key macroeconomic variables in the small open economy of Mauritius. Results suggest that nominal exchange rate and interest rate have limited ability to impact output growth over the medium-run. Large error bands hinder analysis of the inflation output trade-off, but evidence points to a weak relationship in the short run as well. These findings...

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Author

Angelo Divino, Jose;

Rodrigues Bastos,Fabiano;
Document Date
2009/09/01
Document Type
Policy Research Working Paper
Report Number
WPS5065
Volume No
1
Total Volume(s)
1
Country
Mauritius,
Region
Eastern And Southern Africa,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Exchange rate and output fluctuations in the small open economy of Mauritius
Keywords
nominal exchange rate

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Citation

Angelo Divino, Jose; Rodrigues Bastos,Fabiano.

Exchange rate and output fluctuations in the small open economy of Mauritius (English). Policy Research working paper ; no. WPS 5065 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/374201468279951089

Exchange rate and output fluctuations in the small open economy of Mauritius (English)

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