Economics Commons^™

Essays On Monetary Policy And International Macroeconomics, Elisa Vilorio Medina

FIU Electronic Theses and Dissertations

An understanding how external shocks affect macroeconomic variables is important

for policy implications and sound recommendations. My dissertation analyzes the

impact of exogenous shocks on inflation, exchange rate, and monetary policy in

advanced economies and emerging market economies.

The second chapter explores the extent to which the exogenous shock of the

shale oil revolution explains the missing-puzzle inflation—sluggish price inflation

in the U.S and below the Federal Reserve’s two percent inflation target following

the expansion after the Great Recession. Using a novel identification framework,

I disentangle the shocks by imposing a combination of dynamic sign restrictions,

block exogeneity, and short-run …

International Financial Institutions And Caribbean Development: A Comparison Of Haiti & Jamaica, Alexander Bruno

FIU Electronic Theses and Dissertations

The global financial system is based on, and influenced by specific institutions which are controlled by countries in the Global North. The International Monetary Fund (IMF) and World Bank (WB) are two of the institutions whose policies help to shape state behaviors, and reinforce the Global North’s dominance. Thus, the main hypothesis of this study is that institutional policies and programs of the IMF and WB aid and abet the continued underdevelopment of Caribbean island-states. This study examines the impact of IMF and WB policies on the United Nations Development Program (UNDP) measurements in Haiti and Jamaica, and how they …