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Insights from Behavioral Economics on Current Policy Issues

Author

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  • Ashima Goyal

Abstract

The paper examines behavioral constraints in policy-making and in achieving coordination across policies. First it applies psychological concepts to understand policy inadequacies, and next examines how general reforms or better coordination can be achieved using psychological trigger strategies.

Suggested Citation

  • Ashima Goyal, 2018. "Insights from Behavioral Economics on Current Policy Issues," Working Papers id:12943, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:12943
    Note: Institutional Papers
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    Keywords

    eSS; Indian policy; Behavioural constraints; Psychological trigger strategies; Behavioral Economics; Current Policy Issues; policy making; policy inadequacies; psychological concepts; global financial crisis (GFC); fiscal deficit; Reserve Bank of India (RBI); inflation; macro prudential policy.;
    All these keywords.

    JEL classification:

    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption

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