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Exchange Rate and Output Fluctuations in the Small Open Economy of Mauritius / Bastos, Fabiano
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Bastos, Fabiano
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Banking sector.
- Capital base.
- Currencies and Exchange Rates.
- Debt Markets.
- Economic Stabilization.
- Economic Theory and Research.
- Emerging Markets.
- Exchange rates.
- Exchange rRate.
- Export performance.
- Finance and Financial Sector Development.
- Human capital.
- Inflation.
- Interest rate.
- Interest rates.
- International capital.
- International capital markets.
- Macroeconomic management.
- Macroeconomic variables.
- Macroeconomics and Economic Growth.
- Monetary policy.
- Open economy.
- Policy response.
- Preferential market access.
- Private Sector Development.
- Real exchange rate.
- Trading.
- Local Subjects:
- Banking sector.
- Capital base.
- Currencies and Exchange Rates.
- Debt Markets.
- Economic Stabilization.
- Economic Theory and Research.
- Emerging Markets.
- Exchange rates.
- Exchange rRate.
- Export performance.
- Finance and Financial Sector Development.
- Human capital.
- Inflation.
- Interest rate.
- Interest rates.
- International capital.
- International capital markets.
- Macroeconomic management.
- Macroeconomic variables.
- Macroeconomics and Economic Growth.
- Monetary policy.
- Open economy.
- Policy response.
- Preferential market access.
- Private Sector Development.
- Real exchange rate.
- Trading.
- Physical Description:
- 1 online resource (17 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2009
- System Details:
- data file
- Summary:
- 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 are used to shed some light into the policy response to the current worldwide economic slowdown affecting Mauritius.
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