The Jamaican stock market has been on a four-year increasing trend where some stocks have doubled, some tripled and others increasing fourfold in value to provide excellent rates of return for investors.
The Jamaican stock market has been on a four-year increasing trend where some stocks have doubled, some tripled and others increasing fourfold in value to provide excellent rates of return for investors.
Fifty-three percent of cannabis enthusiasts want Jamaica to fully legalize cannabis while 27 percent want Jamaica to legalize but with strict controls. Only 18 percent are content with the current state of decriminalization and two percent want the laws to be reverted to where they were prior to 2015.
The traditional role of the central bank appears to be evolving in modern macroeconomics. Monetary policy from the central bank was once responsible for acting as a counterbalance to fiscal policy to aid the government to achieve its objectives.
The Bank of Jamaica (BOJ) continues with the Inflation Targeting strategy, let us explore why, as well as the advantages and disadvantages of doing so.
Elements Of Inflation Targeting
According to Mishkin (2001) in order for the strategy of inflation targeting to be effective it must contain the following key elements: