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21-29 of 29 results

  • Blog
  • 19th Dec 2019

How many people really understand inflation and interest rates?

BIT and the Bank of England have been working on how to improve public trust in and understanding of the Bank’s activities.
  • Blog
  • 8th Oct 2019

Giving behavioural insights and business policy a firm nudge

In the long run, improving  productivity is the most important way of raising the standard of living for a country’s citizens.
  • Report
  • 8th Oct 2019

Boosting businesses: applying behavioural insights to business policy

Our new report, ‘Boosting businesses: applying behavioural insights to business policy’, provides a guide to policymakers on how behavioural insights can make business policy more effective. We set out lessons from first generation interventions to improve take-up and engagement among firms. Our accompanying practitioners’ toolkit includes guidance, tips and resources.…
  • 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…