Macroeconomic Resilience in the Caribbean : 360° Resilience Background Paper
Macroeconomic shocks refer to any unpredicted disturbance to the economy through internal or external factors. Economic resilience is broadly defined as the inherent or policy-induced ability of individuals or communities to withstand or recover from the effects of the various shocks. The external shocks lead to volatilities and impose high risks on the economies. This chapter aims to characterize the overall macroeconomic resilience in the Caribbean region against a broad range of external shocks.
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| Main Author: | |
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| Format: | Working Paper biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021-10-26
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| Subjects: | ECONOMIC SHOCK, MACROECONOMIC RESILIENCE, DEBT, NATURAL DISASTER RISK, ECONOMIC DIVERSIFICATION, PUBLIC GOVERNANCE, MACROPRUDENTIAL POLICY, FINANCIAL DEVELOPMENT, MONETARY POLICY, FISCAL SPACE, |
| Online Access: | http://documents.worldbank.org/curated/undefined/563881635295113854/360-Resilience-A-Guide-to-Prepare-the-Caribbean-for-a-New-Generation-of-Shocks-Macroeconomic-Resilience-in-the-Caribbean http://hdl.handle.net/10986/36423 |
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