This paper looks at a basic illustration of what dynamic replication would look like for writers/sellers of European call and put options on a sample of 20 stocks listed on the Jamaica Stock Exchange as well as the Jamaica Stock Exchange Combined Index. The author compared the distributions of...

AbstractAccurate forecasting is critical for an efficient fiscal policy framework since it impacts consumer sentiments, business confidence, domestic and international institutions. Forecasts will be evaluated for accuracy, bias and efficiency, using ME, MAE, RMSE, Theil’s U statistic and the...

This first Systematic Country Diagnostic (SCD) for Jamaica comes at a pivotal time. The country is seeking a return to the pre-COVID-19 path of fiscal consolidation amid a slow COVID vaccine roll-out, high inflationary pressures, and persistent structural constraints to growth.1 COVID-19 laid...

Ratings for the Early Childhood Development Project are as follows: Outcome was moderately unsatisfactory, Bank performance was moderately unsatisfactory, and Quality of monitoring and evaluation was modest. This assessment offers the following lessons: (1) Collaboration, strong national...

This report was commissioned by climate investment funds (CIF's) E and L initiative to distill lessons from CIF's pilot program on climate resilience (PPCR) support identifying, designing, and implementing hydrometeorological and climate services investments. It seeks to generate learning and...

Covering the full population of applicants to the Jamaican Conditional Cash Transfer Program (PATH), we explore whether receiving PATH benefits alters the academic returns to subsequently attending a more preferred public secondary school. To uncover causal associations, we exploit exogenous...

Family violence is a critical development challenge in low- and middle-income countries (LMICs), carrying high health, social, and economic costs and increasing the risk of perpetuating the cycle of violence across generations. Parenting programs have improved parenting practices in high-income...