The January/February issue of Intereconomics features a Forum on the impact of behavioural economics on public policy. Inspired by Richard Thaler’s Nobel prize last autumn, the Forum examines the policy opportunities presented by nudging and similar behavioural methods, as well as the challenges and potential downsides. One highlight is an article by Cass Sunstein, Thaler’s frequent co-author, and Lucia Reisch, who look into people’s acceptance of government nudges – do they resent being manipulated? Or do they find nudges more acceptable than outright bans and policy prescriptions? This issue’s Editorial, by Pierre Moscovici, and Letter from America, by Barry Eichengreen, both look at renewed EU optimism and assess whether it is warranted. Finally, the issue also features interesting articles on helicopter money, the winners of trade wars, the sustainability of eurozone debt and European fiscal coordination.
More on: Nudging in Public Policy: Application, Opportunities and Challenges