As Latin America and the Caribbean confronts one of the most severe economic downturns in its history, policymakers are looking ahead to what they must do in terms of fiscal and monetary policies to restore growth once the Covid-19 crisis passes. But one element that desperately needs more attention is the deep and chronic lack of trust in the region between citizens and … [Read more...] about The Elusive Quest for Growth: The Role of Trust
Behavioral Economics and the Urgent Need to Use Masks When Lockdowns Are Lifted
The health news from Latin America is not good. The region has become the global epicenter of the Covid-19 epidemic, with nearly 4 million infections and 204,000 deaths as of mid-June. Moreover, the numbers are rising rapidly in several countries, including Brazil, which lags only the United States in reported cases, Peru with the seventh highest number of cases globally, … [Read more...] about Behavioral Economics and the Urgent Need to Use Masks When Lockdowns Are Lifted
Leveraging Behavioral Insights in the Aftermath of COVID-19
As the Covid-19 pandemic takes its toll in lives lost and economic hardship, governments in Latin America and the Caribbean have rushed to increase fiscal spending, even as revenues drop. But only some countries will be able to access markets and borrow without sacrificing sustainability in the aftermath of the pandemic. Most will have to identify efficiencies in both revenue … [Read more...] about Leveraging Behavioral Insights in the Aftermath of COVID-19
COVID-19: We Must Use Behavioral Science to Communicate Better during the Delicate Reopening Period
The number of people infected with the novel coronavirus has surpassed 5 million worldwide. However, a significant number of countries are entering a new phase in the fight against SARS-COV-2, as the virus that causes the Covid-19 illness is known. As can be seen from the following maps prepared using data from Oxford University, restrictions on movement are being relaxed. … [Read more...] about COVID-19: We Must Use Behavioral Science to Communicate Better during the Delicate Reopening Period
A Conversation with Cass Sunstein on Behavioral Science and Using Nudges: Recommendations for Overcoming Covid-19
The pandemic caused by the novel coronavirus (SARS-CoV-2) continues to severely impact countries around the world. More than 4.5 million people have been confirmed infected, and the death count is now in the hundreds of thousands, although stringent restrictions on mobility have prevented a greater public health disaster. However, economic stagnation and fatigue among the … [Read more...] about A Conversation with Cass Sunstein on Behavioral Science and Using Nudges: Recommendations for Overcoming Covid-19