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.
Registration
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.
Programme
| 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 ei.academic@lse.ac.uk.
Organizing Committee
Jenny Chan
Paul De Grauwe
Francesca Diluiso
Eddie Gerba
Joel Suss