The goal of behavioural economics is to improve classic microeconomic theory by introducing motives and concepts from related fields like psychology and sociology. The driving paradigm of most neo-classical economic research ...

From a global perspective, this dissertation illustrates the consequences of choosing a particular balance between completeness and manageability in terms of model building, both in the field of macroeconomics and econometrics. ...

This thesis seeks to advance our knowledge of what lies behind the risk and volatility in financial and macroeconomic outcomes, and how the two are related. The first contribution of the thesis lies in constructing new ...