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220928 ||| eng |
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|a 9798400217272
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| 245 |
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|a Eastern Caribbean Currency Union
|b Selected Issues
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2022
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| 300 |
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|a 42 pages
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| 653 |
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|a Health
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| 653 |
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|a Public debt
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| 653 |
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|a Infectious & contagious diseases
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Natural Disasters
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| 653 |
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|a Climate
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| 653 |
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|a Debts, Public
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| 653 |
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|a Gambling
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| 653 |
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|a Fiscal Policy
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| 653 |
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|a Hospitality, leisure & tourism industries
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| 653 |
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|a International organization
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| 653 |
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|a International institutions
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| 653 |
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|a Global Warming
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| 653 |
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|a International Economics
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Industries: Hospital,Travel and Tourism
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| 653 |
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|a Diseases: Contagious
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| 653 |
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|a Communicable diseases
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| 653 |
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|a Tourism
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| 653 |
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|a International Agreements and Observance
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| 653 |
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|a International Organizations
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| 653 |
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|a Natural Disasters and Their Management
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| 653 |
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|a Monetary economics
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| 653 |
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|a Environment
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| 653 |
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|a International agencies
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| 653 |
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|a Debt Management
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| 653 |
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|a Debt
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| 653 |
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|a Recreation
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| 653 |
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|a Fiscal policy
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| 653 |
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|a Health Behavior
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Monetary policy
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| 653 |
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|a Sports
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| 653 |
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|a Natural disasters
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Public Finance
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Restaurants
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| 710 |
2 |
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|a International Monetary Fund
|b Western Hemisphere Dept
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Staff Country Reports
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| 028 |
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|a 10.5089/9798400217272.002
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| 856 |
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|u https://elibrary.imf.org/view/journals/002/2022/254/002.2022.issue-254-en.xml?cid=521477-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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| 520 |
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|a This Selected Issues paper focuses on scarring effects of the pandemic on the Eastern Caribbean Currency Union’s (ECCU). Assessing the extent of the scarring effects is essential for the conduct of future economic policy in the ECCU. A better understanding of the factors affecting the scarring effects and their fiscal implications could help inform the discussions on policies needed to overcome them, especially for economies with limited economic diversification and high vulnerability to frequent shocks and natural disasters such as the ECCU countries. The significant output contraction would generate scarring effects in the ECCU countries. The degree of scarring could vary with countries’ economic structure and policy responses to the pandemic. ECCU countries need to balance difficult tradeoffs to mitigate scaring effects of the pandemic, other recent shocks, and limited fiscal policy space. In the short term, the priorities are to continue health spending to cope with the pandemic and use effective social transfers to cope with rising living costs. In the medium term, moving from income support and job retention measures to adopting active labor market policies would facilitate the reallocation of workers and resources to their most productive uses and help foster productivity growth
|