Aviation conferences and meetings in November

The 2015 meeting of the European Aviation Conference (EAC) will take place this year in Cranfield University on November 19th and 20th. Academics, business and industry figures will debate whether the momentum behind airline liberalisation over past decades is now spent, as some evidence suggests.

The conference programme may be inspected and a booking made on the conference website.

Preceding the EAC will be the 2nd COST Workshop on Air Transport, Regional Development, Airport Hubs & Connectivity, which will take place at the University of West London (17 November) and Cranfield University (18 November). The program for the Workshop is available on the German Aviation Research Society (GARS) website where, as always, aviation-research-related information is updated continuously; see www.garsonline.de

8th Annual Economics and Psychology Conference ESRI Dublin

8th Annual Economics and Psychology Conference ESRI Dublin 

The eight annual one day conference on Economics and Psychology will be held on November 27th at the ESRI in Dublin. The purpose of these sessions is to develop the link between Economics, Psychology and cognate disciplines in Ireland. A special theme of these events is the implications of behavioural economics for public policy. Please sign up here to attend. There is no registration fee. Our keynote speakers are: Alan Sanfey, one of the world’s leading experts on fairness and social decision making; Stefan Hunt, who will speak about behavioural economics and financial regulation; and Pelle Hansen, who will discuss ongoing work on behavioural science and policy in Denmark.

At the last event in November 2014 we agreed to develop a broader network to meet more regularly to discuss work at the intersection of economics, psychology and policy. This has had three meet-ups so far and a fourth will take place on November 9th. Anyone interested in this area is welcome to attend. A website with more details and a mailing list to sign up to is available here. There are currently over 100 people signed up to the network and the events have been, at least in my view, very lively and interesting. There are several more planned for throughout 2016 and we welcome suggestions.


830am to 9am: Registration

9.15am to 940am: Cathal Fitzgerald (DCU) “I Groupthink Therefore We Are: Detecting Behavioural Convergence in Leaders Before the Economic Crisis”.

9.40am to 1005am: Michael Daly (Stirling and UCD) “Childhood Self-Control and Smoking Throughout Life”.

1005am to 1030am: Victoria Taranu (Universiteit Hasselt ) “The implications of nudging in reducing residential energy demand and its potential for the EPC”.

1030am to 11am: Coffee

11am to 1125am: Leonhard Lades (Stirling) “Present bias and everyday self-control failures: A Day Reconstruction Study”.

1125am to 1150pm: David Comerford (Stirling). “The role of agency in preferences”.

1150pm to 1215pm: Irene Mosca and Cathal McCRory (TCD): “Personality and Wealth Accumulation Among Older Couples: Do Dispositional Characteristics Pay Dividends?”.

1215pm to 1pm: Alan Sanfey (Radbood). “Social motivations in decision-making: Insights from Decision Neuroscience”.

1pm to 2pm: LUNCH

2pm to 240pm: Pete Lunn (ESRI). “Pricelab: experiments for consumer policy”

240pm to 320pm: Stefan Hunt (FCA). “Applying behavioural insights to regulation: lessons from consumer financial protection”.

320pm to 350pm Coffee

350pm to 430pm: Pelle G Hansen  (Roskilde University). “Applying behavioural science in Denmark: progress and lessons”.

430 to 5pm Discussion

Debating Austerity: Professor Simon Wren-Lewis at the Royal Irish Academy

The Royal Irish Academy Social Sciences Committee in association with the UCD College of Social  Sciences and Law will be holding a conference on the topic Debating Austerity on October 29-30.  The Keynote Lecture and conference will be held at the RIA building at 19 Dawson Street, Dublin 2.

The Keynote Lecture will be given by Professor Simon Wren-Lewis of Oxford University at 6pm, Thursday October 29 (lecture details below).  The lecture will be chaired by Patrick Honohan, Governor, Central Bank of Ireland.

This will be followed on Friday, October 30 by a full day of sessions debating the experience of austerity in Ireland from a variety of perspectives.

Further information on the conference and registration details are available here.   The admission price for the Keynote Lecture on Thursday evening is €5; admission to Friday’s conference is free.

Keynote Lecture: How to Avoid Austerity


Austerity may be defined as a large fiscal contraction that causes a substantial increase in unemployment. If the government has a budget deficit that is unsustainable, or a debt level that is too high, it is sometimes suggested that austerity is inevitable. For an economy with a flexible exchange rate and debt in its own currency, which includes the Eurozone as a whole, this is simply false. Fiscal contraction can always be delayed until monetary policy can offset the deflationary impact of any fiscal contraction. Unfortunately this is not true for a member of a currency union that requires a greater fiscal contraction than the union as a whole. Even in this case, however, a sharp and deep fiscal contraction will be an inefficient waste of resources. As the macroeconomic theory behind these propositions is simple and widely accepted, the interesting question about the current global austerity is why it has happened.

Simon Wren-Lewis is currently Professor of Economic Policy at the Blavatnik School of Government at Oxford University, having previously been a professor in the Economics Department at Oxford.   He is also an Emeritus Fellow of Merton College.   In September 2015 he was appointed to the British Labour Party’s Economic Advisory Committee.

Geary Institute Workshop on Well-Being and Economic Conditions

The Geary Institute is hosting a half-day workshop to look at changes in well-being in Ireland over the last 10 to 15 years. The specific aim is to consider a wide range of possible outcomes including physical and mental health as well as subjective well-being. Moreover we want to draw on a range of approaches from epidemiology, psychological medicine and the social sciences as well as different types of data. The event will be held in the UCD Geary Institute on Tuesday November 17th from 1130pm to 4pm. A light lunch would be provided.  This is is likely to be a full event so please RSVP to geary@ucd.ie to register attendance (there is no fee) and also let us know if you subsequently cannot make it.

Co-organisers: Kevin Denny (UCD) and Liam Delaney (Stirling University)


1130pm to 1150pm: Registration

11.50pm – 1200pm: Introduction and Aims

1200pm – 1230pm: Brendan Walsh (UCD): “Reflections on Economic Conditions and Well-being in Ireland”.

1230pm – 1.00pm: Paul Corcoran (UCC) “Impact of Austerity and Recession on Suicide and Self-Harm in Ireland”.

1.00pm-130pm: Lunch

130pm – 2pm: Kevin Denny (UCD): “Self-reported health in good times and in bad: Ireland in the 21st century”.

2pm – 230pm: Eithne Sexton (TCD) – “Subjective wellbeing at older ages in Ireland 2009-2013: Predictors of change over time”.

230pm – 3pm: Cecily Kelleher (UCD): “Impact of the Economic Climate on Health Status during the first two decades of the 21st Century in the Republic of Ireland: Findings from the Lifeways Cross-Generation Cohort study of a Thousand Families”.

3pm – 330pm: Michael Hogan (NUIG):  “Engaging with Citizens in the Design of Well-being Measures and Policies:  Systems Thinking and the Public Participation Network”.

330 – 4pm: Discussion

Philip Lane named new Central Bank Governor

Many congratulations to Philip who has been named as the new Governor of the Central Bank.

I assume this means that his blogging activities will be curtailed, and so it seems appropriate that he be publicly thanked for setting up this blog, in December 2008. Whether it made a contribution to public debate during the crisis is for others to judge — I think it did. But it also gave a platform to many Irish academics who otherwise would not have had a public voice, by dramatically lowering the cost of engaging in public debate. It helped bring us out of our academic comfort zones and engage with issues outside our research specialisms. In my case blogging even led to a couple of serious research projects, using history to shed light on the present. Finally, the blog provided a model for other group blogs in Eurozone crisis countries.

So, many thanks Philip and best of luck in the new job.

Virtual Issue on Financial Crisis: Free collection of articles from Economic Policy

Free until 31 December to celebrate 30 years of Economic Policy:


Virtual Issue: The Financial Crisis

We’ve pulled together a collection of articles reflecting on the range of analysis on the Global Financial and Eurozone crises appearing in Economic Policy over the last 5 years. This virtual issue focuses on one of the most acute contemporary challenges to economic policy and how the journal has contributed to our understanding of the European experience.

Cyprus: from boom to bail-in
Alexander Michaelides (2014) 29 (80): 639-689

The Greek debt restructuring: an autopsy
Jeromin Zettelmeyer, Christoph Trebesch, Mitu Gulati (2013) 28 (75): 513-563

External imbalances in the eurozone
Ruo Chen, Gian Maria Milesi-Ferretti, Thierry Tressel (2013) 28 (73): 101-142

The eurozone crisis: how banks and sovereigns came to be joined at the hip
Ashoka Mody, Damiano Sandri (2012) 27 (70): 199-230

From Great Depression to Great Credit Crisis: similarities, differences and lessons
Miguel Almunia, Agustín Bénétrix, Barry Eichengreen, Kevin H. O’Rourke, Gisela Rua (2010) 25 (62): 219-265

Lessons from a collapse of a financial system
Sigridur Benediktsdottir, Jon Danielsson, Gylfi Zoega (2011) 26 (66): 183-235

The great retrenchment: international capital flows during the global financial crisis
Gian-Maria Milesi-Ferretti, Cédric Tille (2011) 26 (66): 289-346

Recapitalization, credit and liquidity
Mike Mariathasan, Ouarda Merrouche (2012) 27 (72): 603-646

Systemic risk, sovereign yields and bank exposures in the euro crisis
Niccolò Battistini, Marco Pagano, Saverio Simonelli (2014) 29 (78): 203-251

Financial crises: lessons from history for today
Selin Sayek, Fatma Taskin (2014) 29 (79): 447-493

Banking crisis management in the EU: an early assessment
Jean Pisani-Ferry, André Sapir Econ Policy (2010) 25 (62): 341-373

This virtual issue is part of a broader celebration of Economic Policy’s 30th anniversary, which also includes the publication of Thirty Years of Economic Policy: Inspiration for Debate. Thirty Years of Economic Policy situates the Journal within a long view of its influence on economic-policy thinking, bringing together a selection of highly influential articles from the first 30 years of Economic Policy, which analyse some of the key global economic-policy challenges of our time within five broad areas: monetary and exchange rate policy; fiscal policy; European integration; unemployment and labour markets; and market regulation. Thirty Years of Economic Policy reflects on the major contribution that the Journal has made to economic-policy debate since its launch in 1985, and provides students, researchers and policy professionals a ‘reader’ of the progress we have made in understanding these key issues.