In recent years, advances in the standardization and statistical treatment of standard variables have allowed greater precision in the reporting of short- and long-term economic activity, including, among others, GDP, inflation, and the unemployment rate. But the application of the complex, technical methodologies required in arriving at those calculations has also delayed the … [Read more...] about How New Predictive Models and Timely Data Lead to Better Public Policy Decisions
To Fight Crime, Increase Trust
Although only 9% of the world’s population lives in Latin America and the Caribbean, the region accounts for a third of the world’s homicides. The cost of crime and violence in our region is very high: crime takes large numbers of lives, affects people’s safety and welfare, and hampers economic development. As evidence of this, one out of three people in the region say crime is … [Read more...] about To Fight Crime, Increase Trust
Text Messaging Parents to Boost Student Performance
We've all known kids who joke around in class, get up to mischief, and even skip school altogether, yet manage to ultimately thrive. But they are glaring exceptions. Classroom misbehavior and absenteeism, along with failing grades, are strong warning signs that a student is likely to repeat a grade or give up on school altogether down the line. In Latin America, where only 53% … [Read more...] about Text Messaging Parents to Boost Student Performance
COVID-19 and the Rise of Telemedicine
Telemedicine—the delivery of medical services through electronic means of communication—is potentially transformative, mitigating transportation problems, bringing care to rural communities and decreasing waiting times and medical costs. But its adoption in Latin America has been slow. Insufficient communication infrastructure and status quo biases, among other factors, … [Read more...] about COVID-19 and the Rise of Telemedicine
A Critical Moment for Central Bank Autonomy
Central banks in Latin America and the Caribbean have undoubtedly been part of the solution to our current crisis. Their prompt and effective reactions were made possible by the hard-won credibility that they gained in recent years. Behind those gains is the autonomy delegated to them to formulate and implement monetary policy to achieve their primary objective of maintaining … [Read more...] about A Critical Moment for Central Bank Autonomy