Jul 18, 2026 · 7 min · 10 segments
This episode unpacks a Bank of England staff working paper by Jamie Lenney and Biagio Rosso, exploring how economic models can better reflect real-world human behavior. We dive into a new flexible…
Understanding how people think about the economy is crucial for everything from central bank decisions to our own financial planning.
If we expect inflation, we might demand higher wages.
Exactly.
Our expectations can actually shape economic outcomes.
But how do economists model these expectations?
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Understanding how people think about the economy is crucial for everything from central bank decisions to our own financial planning.
If we expect inflation, we might demand higher wages.
Exactly.
Our expectations can actually shape economic outcomes.
But how do economists model these expectations?
