Inflation Targeting and Behavioural Economics: Introduction
In: Proceedings of FIKUSZ '12
This contribution can be understood as a theoretical introductory chapter which focuses on an increasingly widespread monetary regime – inflation targeting within a relatively new economic field – Behavioural economics. Mainstream economics have a tendency to ignore the relatively extensive and deep knowledge of humanities sciences dealing with human behaviour and decision-making processes. Why not improve the standing economical models and the current paradigma with this knowledge? The target of this paper is to outline the possibilities of using behavioural economics to improve inflation targeting.
|This chapter was published in: Pál Michelberger (ed.) Proceedings of FIKUSZ '12, , pages 91-100, 2012.|
|This item is provided by Óbuda University, Keleti Faculty of Business and Management in its series Proceedings of FIKUSZ '12 with number 91-100.|
|Contact details of provider:|| Postal: |
Web page: http://www.kgk.uni-obuda.hu
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Forsells, Magnus & Kenny, Geoff, 2002. "The rationality of consumers' inflation expectations: survey-based evidence for the euro area," Working Paper Series 0163, European Central Bank.
- Berg, Nathan, 2003. "Normative behavioral economics," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 32(4), pages 411-427, September.
- Carl E. Walsh, 2009. "Inflation Targeting: What Have We Learned?," International Finance, Wiley Blackwell, vol. 12(2), pages 195-233, 08.
When requesting a correction, please mention this item's handle: RePEc:pkk:sfyr12:91-100. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alexandra Vécsey)
If references are entirely missing, you can add them using this form.