This blog post considers the theory and practice of monetary policy, particularly in the context of inflation targeting regimes such as the one recently adopted by the Bank of Jamaica (BOJ). We discuss factors affecting domestic prices, particularly in the context of persistently-low inflation when monetary authorities begin running out of scope for further conventional … [Read more...] about Pushing on a string? Low inflation and the curious case of monetary policy near the zero bound
Jamaica
Why is financial inclusion so important, and what common challenges does Jamaica face? (Part 2)
Despite tremendous strides towards economic stabilization, fiscal responsibility, and debt reduction, financial sector depth and development in Jamaica lags behind many of its peers. Recent improvements in institutional capacity, policy discipline, and structural factors suggest that there is considerable scope to accelerate financial sector development and to broaden access … [Read more...] about Why is financial inclusion so important, and what common challenges does Jamaica face? (Part 2)
Not Standing Still: Takeaways for Jamaica from the book “Nurturing Institutions for a Resilient Caribbean”
A new publication entitled, “Nurturing Institutions for a Resilient Caribbean” was recently launched in Jamaica. Strong interest in the subject and the lively discussion that ensued at the launch event highlights the importance of institutions for Jamaica’s future development. In this context, a chapter of the publication focused on Jamaica offers insights regarding four key … [Read more...] about Not Standing Still: Takeaways for Jamaica from the book “Nurturing Institutions for a Resilient Caribbean”
If you can’t measure it, you can’t improve it: ensuring quality education and training to ride the digital wave (Part 2)
In part 1 of this blog we discussed how automation, artificial intelligence, machine learning, and other technologies are transforming the workplace and shifting the demand for skills around the world. In part 2 we will zone in on the Caribbean situation and look at how countries in the region are responding to the global demand for a new type of labor. Jamaica leading the … [Read more...] about If you can’t measure it, you can’t improve it: ensuring quality education and training to ride the digital wave (Part 2)
Technology on the beach
The Caribbean’s leading technology and innovation summit is on in Montego Bay this weekend. Tech Beach Retreat is flipping the stereotype of sun, sea and sand literally on its head, bringing some of the best minds in global innovation together for a weekend of collaboration and networking. But it’s more than a talk shop and drinks on the beach, the level of discourse aims to … [Read more...] about Technology on the beach