Music Videos for Monetary Policy Communication, Bank of Jamaica Style
I just found some amazing content by the central bank of Jamaica that communicates monetary policy via music video! If you have bored kids learning from home, be sure to have them check out these economic lessons by the Bank of Jamaica. Heck, you should check these out regardless of whether you have any kids at home. Their most recent music video covers inflation targeting.
Straight from Kingston Jamaica, the BOJ sets inflation targeting to some amazing reggae beats…
We don’t want it too high; We don’t want it too low. When inflation is stable and predictable, that’s the way to go.
These are way cooler than the New York Fed’s old comic book series that I have stashed somewhere in my file cabinet. In addition to these music videos, the Bank of Jamaica also has an educational series called Centrally Speaking. That show covers the importance of bank account deposit insurance, financial inclusion, inflation, and financial stability. I can’t even imagine what the equivalent of these shows would be like if produced by the U.S. Federal Reserve.
Check out all the videos at the Bank of Jamaica YouTube channel. Before I go, let me leave you with one more amazing music video.
Wasn’t that fun?