Reflections on macroeconometric forecasting in the English-speaking Caribbean

Author(s): Craigwell, Roland; Leon, Hyginus; Christopher-Nicholls, Janice; Nicholls, Shelton; Walker, Audra; Watson, Patrick (1995

Created 22 Jul, 1995
Categories Working Papers
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This paper suggests requirements for a successful forecasting effort in the Caribbean. Recommendations include the need for institutional commitment to the modelling effort, an integrated resource approach both within institutional departments and across regional institutions, and a more concerted effort on developing data and data architectures. It is argued that a structured approach to modelling, and a forecasting environment that fosters collaboration of effort and dissemination of results and skills is necessary. A review and critique of previous macroeconomic models in the region is provided.

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