How Jamaica Is Using Reggae to Communicate Monetary Policy

The video discusses Jamaica's impressive economic performance, highlighting its stock market success in 2018 and ongoing economic reforms. Finance Minister Nigel Clarke explains the country's shift in monetary policy towards an inflation-targeting regime and the importance of effective communication, exemplified by a viral video campaign. The discussion also covers future growth targets, infrastructure investments, and tax reforms aimed at enhancing productivity and economic efficiency.

What was one of the key factors contributing to Jamaica's stock market performance in 2018?

• Structural reforms and economic stability

• Increased tourism

• High inflation rates

• New trade agreements

How did Jamaica's Central Bank respond to the critique about communication?

• By releasing a series of videos

• By holding public meetings

• By changing their monetary policy

• By issuing a public apology

What was the main focus of Jamaica's new monetary policy?

• Interest rate reduction

• Exchange rate stabilization

• Inflation targeting

• Currency devaluation

What is one of the strategies Jamaica is using to achieve higher economic growth?

• Reducing foreign investments

• Investing in infrastructure

• Expanding the agricultural sector

• Increasing import tariffs

What is Jamaica doing to improve labor productivity?

• Reducing wages

• Investing in training

• Outsourcing jobs

• Increasing working hours