By Juan Camilo Cárdenas Disappearing forests. Overfishing. Chronic water shortages. These are all major challenges for economists in a 21st century of population pressures and climate change. Thankfully, they also have new tools. Economists used to think of people as overwhelmingly rational and self-interested, driven above all to maximize their short-term material … [Read more...] about What Behavioral Economics Reveals About Sharing and Cooperation
Leveraging Behavioral Science for Savings and Health
Alexandra De Filippo is a principal advisor at the North American division of The Behavioral Insights Team (BIT), an organization widely known as the "Nudge Unit." Since its inception, BIT has used behavioral science in wide-ranging efforts that include, among many others, increasing tax collection and electoral participation rates, boosting organ donation and reducing medical … [Read more...] about Leveraging Behavioral Science for Savings and Health
Fighting Inflation With Better Communication
As the chair of the United States Federal Reserve from 2006-2014, Ben Bernanke liked to say that monetary policy is 98% talk and only two percent action. In other words, what the central bank says is hugely important. It can affect households, firms, and market expectations, and, in turn, impact the economy. That message could not be more important when considering inflation … [Read more...] about Fighting Inflation With Better Communication
Domestic Violence Campaigns Can Have Negative Repercussions: Why?
By Jorge M. Agüero Few efforts could be more important for Latin America and the Caribbean than ending the scourge of domestic violence. The region has the world's second highest rate of violence against women by partners or ex-partners and shockingly high levels of femicides, involving the killing of women because of their gender. The good news is that many countries … [Read more...] about Domestic Violence Campaigns Can Have Negative Repercussions: Why?
Surging Temperatures and the Threat to Caribbean Growth
When people think of climate change's effects on the Caribbean, they tend to think of rising seas and extreme weather, like Irma and Maria - the Category 5 hurricanes that ripped through the region in September 2017, killing hundreds and causing billions of dollars in damage. Those calamities are a key reason that the Caribbean region, though a small emitter of greenhouse … [Read more...] about Surging Temperatures and the Threat to Caribbean Growth