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The Bank of Jamaica produces papers on various topics on an ongoing basis. These papers target a wide cross section of users such as students, journalists, investors and interested agencies.

The opinions expressed are those of the authors and do not necessarily coincide with those of the Bank. Expressed permission is required from the authors before papers can be quoted or reproduced. Comments are invited and should be addressed to info@boj.org.jm.


BOJ research publications are listed under the following topics:
Balance of Payments and Components
Current Account Dynamics and the Real Exchange, Chandar, Henry And Rohan Longmore; 2003
Current Account Sustainability in Jamaica, Hudson, Suzette And Robert Stennett; 2003
Current Acount Determinants for the Jamaican Economy, Damian Brown And Carey-anne Williams; 2007
Imports and the Demand for Foreign Exchange: Evidence from Jamaican Survey Data, Tamalia Franklin; 2006
Price-Setting Behaviour in the Jamaican Foreign Exchange Market, Tamalia Franklin And Rohan Longmore; 2008
Tourism Maturity and Demand - Jamaica, Malcolm, Oneil; 2003
Towards a Sustainable Tourism Product for Jamaica: A Dynamic Simulation Modelling Approach, Jide Lewis; 2007
Trade Liberalization and the Jamaican Economy - Prospects and Effects of Tariffs Adjustments, Hudson, Suzette; 2003
Debt Management
A Sovereign Debt Sustainability in Jamaica - A Risk Management Approach, Lewis, Jide; 2004
Sovereign Debt Risk Management: Quantifying Sovereign Risk in Jamaica, Rasheeda Smith; 2006
Domestic Demand and Components
Estimating Quarterly Expenditure-based GDP for Jamaica - A General Kalman Filter Approach, Serju, Prudence; 2004
Public Investment and Growth in Jamaica, Rohan Swaby; 2007
Economic Models
Estimating a Small Scale Macroeconomic Model of the Jamaican Economy - Some Preliminary Results, Allen, Courtney; Herbert Hall And Wayne Robinson; 2002
Maximum Likelihood Approach to the Estimation of Markov Transition Matrices Using Proportions Data: An Application to Credit Risk, Zedayne Simister; 2007
Methodological Approaches to Compiling an International Investment Position for Jamaica, Doctor, Dane; 2004
Modelling the Jamaican Business Cycle: A Structural Vector Autoregressive Approach, Andre D. Murray; 2007
Real Shocks, Credibility and Stabilization in a Small Open Economy, Robinson, Wayne; 2001
State-Space Estimation of Multi-Factor Models of the Term Structure: An Application to Government of Jamaica Bonds, R. Brian Langrin; 2008
Towards a Sustainable Tourism Product for Jamaica: A Dynamic Simulation Modelling Approach, Jide Lewis; 2007
Exchange Rates
Estimation of Speculative Attack Models and their Implications for Macroeconomic Policy, Nelson - Douglas, Bosede; 2001
Measuring Competitiveness in the Jamaican Economy, Henry, Chandar; 2001
Modelling and Forecasting Exchange Rate Dynamics: An Application of Aysmmetric Volatility Models, Longmore, Rohan And Wayne Robinson; 2004
Financial Institutions
Capital Requirements and Commercial Bank Behaviour - The Jamaican Experience, Mullings, Robert; 2003
Commercial Bank Interest Rate Spreads in Jamaica, Robinson, John; 2002
Developments in the Life Insurance Industry in Jamaica: Consequences for Monetary Policy, Foga, Camille; 2001
Investigating the Market-Structure - Performance Relationship in the Commercial Banking Sector: Evidence from Jamaica, Sherene A. Bailey; 2007
Testing for Competition in the Jamaican Banking Sector - Evidence from Bank Level Data, Duncan, Denvil; 2003
Financial Markets
Measuring Extreme Cross-market Dependence for Risk Management: The Case of Jamaican Equity and Foreign Exchange Markets, Langrin, R. Brian; 2005
The Microstructure of the Jamaican Foreign Exchange Market: Volumes, Volatility and Spreads, Walker, Annya; 2002
Financial Stability
A VAR Analysis of the Effects of Macroeconomic Shocks on Banking Sector Loan Quality, Marlon Tracey; 2007
An Assessment of Volatility Transmission in the Jamaican Financial System, Hurditt, Purcival; 2004
An Early Warning Model of Bank Failure in Jamaica: An Information Theoretic Approach, Jide Lewis; 2007
Bank Default Risk and Captial Regulation, Coote, Howard; 2004
Financial Dedollarization of the Jamaican Economy: A Porfolio Approach, Haughton, Andre Y; 2004
Maximum Likelihood Approach to the Estimation of Markov Transition Matrices Using Proportions Data: An Application to Credit Risk, Zedayne Simister; 2007
The Adoption of IAS in Jamaica -Iimplications for Financial Stability, Daley, Jenifer; 2003
Inflation and Prices
Consumer Price Inflation and Exchange Rate Pass-through in Jamaica, Mcfarlane, Lavern; 2002
Forecasting Inflation Using Var Analysis, Robinson, Wayne; 1998
Investigating the Link between Financial Dollarization and Inflation: Evidence from Jamaica, Bailey, Sherene; 2005
Monetary Conditions and Core Inflation: An Application of Neutral Networks, Serju, Prudence; 2002
Interest Rates
A Multifactor Model of Interest Rates, R. Brian Langrin; 2007
The UIP and Time-varying Premia: An Application to the Jamaican Bond Market, Mcfarlane, Lavern; 2003
International Topics
The Free Trade Areas of the Americas - Some Implications for Jamaica, Ennis, Tanisha; 2003
The International Oil Market: An Application of the Three-Agent Model, Kamilah Williams; 2008
Labour Markets
Labour Market and Price Behaviour in Jamaica, Robinson, Wayne; 1998
Monetary Policy Framework
An Examination of Monetary Policy Tools used in Jamaica: A Comparison to International Best Practices, Karelle Tyrelle; 2007
An Inflation Targeting Framework for Jamaica - An Empirical Exploration, Nelson-douglas, Bosede; 2004
Defining and Estimating a Monetary Conditions Index for Jamaica, Lattie, Claney; 1997
Independent Monetary Policy in a Very Open Economy - challenges, Costs and Benefits, Robinson, John; 1998
Monetary Policy Rules and the Transmission Mechanism in Jamaica, Allen, Courtney And Wayne Robinson; 2004
Monetary Policy, Transmission of
Monetary Policy and the Jamaica Economy - A Sectoral Analysis, Serju, Prudence; 2003
The Transmission Mechanism of Monetary Policy in Jamaica, Robinson, Wayne And John Robinson; 1997
©2005 The Bank of Jamaica. All rights reserved