This paper investigates whether working under competitive or cooperative incentives affects deception in a subsequent, unrelated task. I use a laboratory study with two stages. First, participants work under a piece rate, tournament or team incentive in a real effort task. The second part...

Our study takes an individual perspective on receiver credulity in a public good setting with deceptive messages. In a laboratory experiment, subjects play a public good game with punishment in which feedback on actual contributions is obscured. Instead, subjects can communicate what they have...

We demonstrate that receiver credulity can be understood through a false consensus effect: the likelihood with which individuals believe messages about the behavior of others can be explained by their own behavioral tendencies in a comparable situation. In a laboratory experiment, subjects play...

Theory and evidence suggest that in an environment of well-anchored expectations, temporary news or shocks to economic variables, should not affect agents’ expectations of inflation in the long term. Our estimated structural VARs show that both long- and short-term inflation expectations are...

This article recaps an event held at the Bank of England on 2-3 July 2014. The article covers three main points. First, it situates the event within the context of the Bank’s new approach to data as set out in the Bank’s Strategic Plan. Second, it summarises and reflects on major themes from...

Systemic risk now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a problem of size, operational complexity, interconnectivity and contagion. It is less often discussed in terms of the institutional framework of legal rules and principles within...

Systemic risk now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a problem of size, operational complexity, interconnectivity and contagion. It is less often discussed in terms of the institutional framework of legal rules and principles within...

type="short" <p>This symposium item belongs to a section headed: SYMPOSIUM: THE GREAT DEPRESSION AND THE EUROZONE CRISIS: LEARNING FROM THE PAST, which also includes What Does the 1930s' Experience Tell Us about the Future of the Eurozone? by Nicholas Crafts (DOI: <url href="http://onlinelibrary.wiley.com/doi/10.1111/jcms.12145/abstract">10.1 111/jcms.12145</url>), Gold...</p>

The works of Adam Smith are habitually oversimplified. But in this piece, the author takes a deeper journey into the meaning of Smith to draw interesting lessons about the current economic crisis and future reforms.