Behavioural Macro and Finance

Bank of England - LSE European Institute

Workshop on Behavioural Macro and Finance

Register Now

The Bank of England and the LSE European Institute are co-hosting a workshop on Behavioural Macro and Finance on Friday 19 January 2024. The workshop is in hybrid format and can be attended in person at the Shaw Library (6/F Old Building, LSE) or online through Zoom.

The aim of the workshop is to provide a platform for researchers to present and discuss their latest research on the intersection of macroeconomic & financial theory and behavioural economics. 

The workshop is free and open to members of the public. It features eight sessions, each dedicated to a research paper addressing the theme.  


For in person attendance, please register here. Spaces are limited and are allocated on a first-come-first-served basis. 

For online attendance, please register here


8:30 – 9:00 Registration
9:00 – 9:55 Session 1: Learning the yield curve

Speaker: Albert Marcet (Barcelona Graduate School of Economics)
Discussant: Tomohiro Hirano (Royal Holloway London)
9:55 – 10:50 Session 2: Reinforcement learning for household finance: designing policy via responsiveness

Speaker: Lilia Maliar (Stanford University)
Discussant: Ed Hill (Bank of England)
10:50 – 11:10 Comfort break
11:10 – 12:05 Session 3: Managing overreaction during a run

Speaker: Caio Machado (Pontificia Universidad Católica de Chile)
Discussant: Margaret Davenport (Kings College London)
12:05 – 12:50 Lunch break
12:50 – 13:45 Session 4: Long term expectations and aggregate fluctuations

Speaker: Pedro Bordalo (University of Oxford)
Discussant: Iryna Kaminska (Bank of England)
13:45 – 14:40 Session 5: Kalman filter learning versus bounded rationality in a heterogeneous agent NK model

Speaker: Paul Levine (University of Surrey)
Discussant: Yifan Zhang (University of Oxford)
14:40 – 15:00 Comfort break
15:00 – 15:55 Session 6: Fiscal multipliers, public debt, and government credibility in a behavioural macro model

Speaker: Amelie Barbier & Thierry Betti (University of Strasbourg)
Discussant: Paul De Grauwe (LSE)
15:55 – 16:50 Session 7: Seemingly irresponsible but welfare improving fiscal policy at lower bound

Speaker: Roberto Billi (Sveriges Riksbank)
Discussant: Johannes Fischer (Bank of England)
16:50 – 17:45 Session 8: Firm expectations and run

Speaker: Gernot Mueller (University of Tueringen)
Discussant: Joel Suss (Bank of England)
18:00 – 19:30 Drinks reception

Contact Us

If you have any questions, please feel free to contact us at

Organizing Committee

Jenny Chan
Paul De Grauwe
Francesca Diluiso
Eddie Gerba
Joel Suss