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1-10 of 26 results
- 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…
- 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…
- 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…
- 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.
- 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…
- 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.
- 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.…
- 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.
- 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.
- 29th Jun 2020
Life after lockdown: A strong & sustainable economic recovery
As our current economic lockdowns ease we have a unique opportunity to take a fresh start so we have strong and sustainable recoveries