Consider this - Narrative economics

Paris, 09/02/17

 

By 

Céline Renucci, 

Economist (Euro area) - R&IS AXA IM

“Narrative economics”

With “Consider this” we introduce a new series of curated articles and papers that we believe could be of interest to our readers. These do not represent our views and are intended for informational purposes only.

This brief note summarises “Narrative economics”, published as a Cowles Foundation discussion paper, by Robert J. Shiller from Yale University. Shiller writes this pioneering paper to explain the key role of narratives in economics and calls for more research efforts on their role in the analysis of economic cycles.