Behavioral economics needs biology. How lived experience, emotion, and development shape the choices people make.

Behavioral economics studies how psychological tendencies influence economic decisions and outcomes. Concepts such as loss aversion and bounded rationality explain why people evaluate outcomes ...

Learn about homo economicus, its origins, significance in economics, and the challenges to its rational decision-making model ...

Semi-structural macroeconomic models (or macrostructural models) are useful frameworks that support economic forecasts and counterfactual policy and economic scenario analysis. The macro modeling team ...