Monetary and financial policy in Trinidad and Tobago : selected Central Bank essays / Central Bank and Trinidad and Tobago.

Introduction, I -- I. The research function of a Central Bank / Terrence W. Farrell, 1 -- II. Monetary policy, 24 -- I. A simple model of the money supply process in open, petroleum economies / Terrence W. Farrell, 26 -- II. Monetary policy indicators in area countries / Patricia Robinson and Jerry Hospedales, 37 -- III. The market for treasury bills in Trinidad and Tobago / Terrence W. Farrell and Balliram Baball, 72 -- III. Fiscal policy, 116 -- IV. The domestic debt of Trinidad and Tobago: past performance and prospects for the 1980's / Kelvin Roberts, 118 -- V. The elasticity of the non-oil tax system of Trinidad and Tobago 1966-1979 / Kelvin Roberts & Charles de Silva, 151 -- IV. Exchange rate policy, 184 -- VI. Foreign exchange resources of Trinidad and Tobago: a need for budgeting / Clarry Benn, 186 -- VII. The exchange rate and exchange rate policy in Trinidad and Tobago, 1962 - 1981 / Joan John, 218 -- VIII. Choice of exchange rate regime in a world of floating rates / Terrence W. Farrell, 254 -- Social issues, 283 -- IX. The mortgage market: a review of the housing finance system in Trinidad and Tobago / Roland Victor, 285 -- X. The political economy of the Sou-Sou lands initiative / Terrence W. Farrell, 342 -- Other issues, 361 -- XI. Gross domestic product and terms of trade effects: the concepts and measurement of the gross domestic income / Nigel Crichton, 361 -- XII. The experience of forecasting at the central bank / Janice Christopher and Terrence W. Farrell, 389 -- List of contributors, 424.