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- Blog
- 4th Sep 2019
The Story of Narratives
Professor Robert Shiller, Nobel Prize-winning economist joins us at the Behavioural Exchange Conference tomorrow. His latest work on narrative economics shows how stories and narratives are inherent to the human experience. We think they could be better understood and deployed in public policy.
- Academic publication
- 7th Aug 2019
Enhancing central bank communications using simple and relatable information
Central bankers and the central banking literature are increasingly attuned to the importance of communications as a policy tool. However, less is known about how central bank communications should be drafted for maximal impact. Our paper contributes new insights in this regard. Using a large-scale online experiment with a sample…
- Blog
- 1st Feb 2019
Announcing the Business Basics Messaging Trials: Upcoming trials to help boost UK productivity
What if someone found a way to boost businesses’ productivity, but no one was around to hear it? A series of randomised controlled trials next year aim to prevent that.
- Blog
- 15th Aug 2018
Central banking: when communication is the policy
Sometimes, the explanation is the policy. — Janet Yellen, Chair of the Federal Reserve 2014-2018 The psychological and behavioural economics literatures have had a transformative impact on how we understand people’s financial and personal decision-making. Studies have shown that more information isn’t always better, that defaulting people into saving can…
- Blog
- 27th Nov 2017
The UK's new Industrial Strategy: a modern foundation for economic growth
Traditionally, Industrial Strategy conjures images of furnaces and molten metal. In turn, the language of economic policy - productivity, innovation, competitive advantage, regulation - hardly sparks the imagination. Today’s launch of the UK Government’s Industrial Strategy White Paper should help shift these perceptions. The Strategy is formed around five foundations…
- Blog
- 11th Jul 2017
Be the Business: boosting productivity in the UK
This morning saw the launch of ‘Be the Business’, the new movement from the UK’s Productivity Leadership Group (PLG). The breakfast event was glitzy and polished, hosted in the cool London base of Channel 4, rather than a standard conference venue. An interesting element is that it is led by…