16 Feb A behavioural analysis of macroeconomic policy
Speaker: Prof. Michelle Baddeley
Date: Thursday 19th February
Location: NAB.LG.03, Thai Theatre
Registration is required and can be done by completing the google form provided below
Standard analyses of macroeconomic policy assume that macroeconomic policy-makers are rational and well-informed. Embedding insights from behavioural economics, this talk will explore what happens when macroeconomic policy-makers’ decisions are distorted by behavioural bias, specifically short-termism. Potential impacts on macroeconomic volatility and the lessons for macroeconomic policy design will be explored.
Michelle Baddeley is Professor in Economics and Finance at UCL. Her current research explores themes relating to behavioural macroeconomics – behavioural studies of household decision-making, for example in the context of energy consumption and online shopping – and behavioural analyses of infrastructure supply chains. Before joining UCL, she was a Director of Studies (Economics) at Gonville and Caius College, Cambridge University.