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The aim of this paper is to review the historical development of monetary policy theory since the 1980s using as focal point the nexus among central bank governance, central banker preferences and monetary policy effectiveness. Assuming a positive perspective the review highlights three...
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I develop a model of conspicuous consumption to empirically measure the importance of peer beliefs to Americans and Chinese. In the model, a consumer cares not only about the direct utility she receives from consumption, but also about the way her consumption pattern affects her peer group's...
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We investigate whether depleting people's cognitive resources (or "willpower") affects the degree to which they are susceptible to framing effects. Recent research in social psychology and economics has suggested that willpower is a resource that can be temporarily depleted and that a depleted...
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Behavioral economics and social policy: designing innovative solutions for programs supported by the administration for children and families / Lashawn Richburg-Hayes, Caitlin Anzelone, Nadine Dechausay (MDRC), Saugato Datta, Alexandra Fiorillo, Louis Potok, Matthew Darling and John Balz...
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