Should-Read: Paul De Grauwe and Yuemei Ji: Behavioural economics is also useful in macroeconomics: “Concepts from behavioural economics… [help] develop macroeconomic models with endogenous business cycle fluctuations… …Application of the models highlights how the trade-off between output and inflation is moderated by the flexibility of the economy… [and] help to explain… international transmission…. Assuming that … Continue reading Should-Read: Paul De Grauwe and Yuemei Ji: Behavioural economics is also useful in macroeconomics