Burger,John (Author), Rebucci,Alessandro (Author), Warnock,Francis E. (Author), and Warnock,Veronica (Author)
Format:
Pamphlet
Publication Date:
May 2010
Published:
Washington, DC: Inter-American Development Bank
Location:
African American Research Center, Library, University of Illinois at Urbana-Champaign
Notes:
39 p., This paper assesses the extent to which a country's external capital structure can aid in mitigating the macroeconomic impact of oil price shocks. Two Caribbean economies highly vulnerable to oil price shocks are considered: an oil importer (Jamaica) and an oil exporter (Trinidad and Tobago). From a risk-sharing perspective, a desirable external capital structure is one that, through international capital gains and losses, helps offset responses of the current account balance to external shocks. It is found that both countries could alter their international portfolio to provide a better buffer against such shocks.
24 pp., This paper looks at Jamaica's recent history of indebtedness, its experience during the global economic downturn, and examines its current agreement with the International Monetary Fund (IMF). It finds that Jamaica's economic and social progress has suffered considerably from the burden of an unsustainable debt; and that even after the debt restructuring of 2010, this burden remains unsustainable and very damaging. Pro-cyclical macroeconomic policies, implemented under the auspices of the IMF, have also damaged Jamaica's recent and current economic prospects.
Gertler,Paul (Author), Heckman,James (Author), Pinto,Rodrigo (Author), Zanolini,Arianna (Author), Vermeerch,Christel (Author), Walker,Susan (Author), Chang,Susan M. (Author), and Grantham-McGregor,Sally (Author)
Format:
Pamphlet
Publication Date:
June 2013
Published:
National Bureau of Economic Research
Location:
African American Research Center, Library, University of Illinois at Urbana-Champaign
Notes:
58 p., Shows large effects on the earnings of participants from a randomized intervention that gave psychosocial stimulation to stunted Jamaican toddlers living in poverty. The intervention consisted of one-hour weekly visits from community Jamaican health workers over a 2-year period that taught parenting skills and encouraged mothers to interact and play with their children in ways that would develop their children's cognitive and personality skills. Study participants were re-interviewed 20 years after the intervention. Findings show that psychosocial stimulation early in childhood in disadvantaged settings can have substantial effects on labor market outcomes and reduce later life inequality.
