Saturday, September 29, 2007

Behavioral Macroeconomics

The Boston Federal Reserve Bank is aiming to become the regional Fed that emphasizes behavioral economics (the oddly named subfield that emphasizes the intersection of economics and psychology). This past week, I attended a conference there on the topic.

Here is Janet Yellen's talk at the conference on "Implications of Behavioral Economics for Monetary Policy." (Thanks to Mark Thoma for the link.)