Inflationary dynamics in small open economies
The paper examines the causes of inflation for Barbados, Jamaica and Trinidad and Tobago, seritum, for the period 1973 to 2002. The theoretical framework of the Harberger inflation model, stemming from the traditional quantity theory of money equation is developed. The paper concludes that there is a need for specific policies tailored to the observed circumstances of each country. This is because of the peculiarities existing in the economic behavior of each country.
Pologne, Moses, "Inflationary dynamics in small open economies" (2006). ETD Collection for University of Texas, El Paso. AAI1430689.