New Approaches to Economic Challenges Seminar Programme January - February 2015 1 New Approaches to Economic Challenges SEMINAR PROGRAMME Urban productivity and governance • Regional Development Policy Division Economics Department Useful information Room CC9, OECD 12.30 PM - 2.00 PM Public Governance and Territorial Development Finance, Growth and Income Inequality Boris Cournède Rudiger Ahrend Head of the Urban Policy Unit 21 January 2015 Senior Economist 2 9 February 2015 Useful information Room CC13, OECD 12.30 PM - 2.00 PM OECD 13 February 2015 Economics: The User Guide • Ha-Joon Chang Reader in Economics 23 January 2015 University of Cambridge Useful information Room CC7, OECD 12.30 PM - 2.00 PM Behavioural Insights and New Approaches to Policy Design: What Works and Why • See pages 3 to 6 Useful information Room CC9, OECD 9.15 AM - 6.30 PM 19 February 2015 NAEC and Historical Perspectives Vincent Gayon Maître de conférences Université Paris Dauphine 27 January 2015 Matthias Schmelzer Paul Bairoch Institute of Economic History University of Geneva New Approaches to SME and Entrepreneurship Financing: Broadening the Range of Instruments • Miriam Koreen and Lucia Cusmano, OECD Centre for Entrepreneurship, SMEs and Local Development • Gert Wehinger, OECD Directorate for Financial Useful information Room CC7, OECD 12.30 PM - 2.00 PM Useful information Room CC2, OECD 12.30 PM - 2.00 PM and Enterprise Affairs 24 February 2015 Social Impact Investment • Karen Wilson Consultant, Structural Policy Division of the Science, OECD Technology and Innovation Directorate Useful information Room CC7, OECD 12.30 PM - 2.00 PM 5 February 2015 Social Democracy, the Nobel Prize in Economics and the Market Turn • Avner Offer Chichele Professor Emeritus of Economic History University of Oxford Useful information Room CC5, OECD 12.30 PM - 2.00 PM 16 March 2015 Income inequality and well-being in Japan • Takashi Oshio Professor Institute of Economic Research Hitotsubashi University To attend, please register on EMS or RSVP to naec@oecd.org. Useful information Room CC10, OECD 12.30 PM - 2.00 PM - OPENING REMARKS 09.15-09.40 Mari Kiviniemi OECD Deputy Secretary-General Welcoming remarks to all participants to the workshop and the OECD A welcome cof fee will be ser ved at 08.45 outside the room. 11.30 - 12.45 Session 2 Olli-Pekka Heinonen State Secretary to Prime Minister, Finland Stefan Hunt Financial Conduct Authority, UK Rolf Alter Director, Public Governance and Territorial Development, OECD 09.40-10.00 David Halpern Behavioural Team, UK 11.15 - 11.30 Insights 10.00-11.15 Session 1 Professor, Har vard Kennedy School Pablo Marquez, Executive Director, Colombia Communications Regulator Introduction to Behavioural Insights and New Policy Tools This session will explain the importance of the workshop for practical implementers and policy makers. It will set out the current international trends on this topic and develop the rationale for new approaches for policy design and regulatory delivery. The Economic and Social Research Institute (PRICE Lab), Ireland Edwin Lau This session will address the search of governments for what works and why. It will place behavioural approaches in the context of new policy and delivery tools and discuss their advantages and disadvantages. This session will investigate the current evidence of benefits and the costs of the methods inside and outside of governments. Françoise Waintrop • Moderator: David Behavioural Insights Team, UK de la Modernisation • Halpern Secrétariat Général Discussant: Katie Martin, 12.45 - 14.00 Session 3 Solange Rosa Director of Policy and Strategy, South Africa Yuval Laster Director, Environmental Policy Division, Ministry of Environmental Protection, Israel for Tax Policy and • Moderator: Owain Service, Managing Director, Behavioural Insights Team, UK • Discussant: Odette van de Riet, Ministry of Infrastructure and Environment, Netherlands LUNCH BREAK Macro and Micro Impacts of Applying Behavioural Economics? This session will discuss the possible scope and advantages of behavioural insights in regulatory design and delivery, as well as the potential untapped benefits of applying behavioural methods to macrolevel public policy issues. It will discuss whether behavioural approaches can inform broader government strategies or if they are more appropriate for testing specific interventions for better outcomes. Elke Weber • Moderator: Dr. Pelle Hansen, Founder of inugedeyou, Chairman of Danish Nudge Network and Cofounder of The European Nudge Network, Denmark Franco Sassi • Discussant: Jean-Luc Schneider, Deputy Director, Policy Studies Branch, Economics Department, OECD Professor, Columbia Business School Managing Director, ideas42 Jonathan Leigh Pemberton, Centre This session will investigate the institutional arrangements of governments and regulators, such as through “behavioural economics units” and initiatives in governments and regulatory agencies. It will examine the political economy of introducing such an initiative and then also discuss the key ingredients for spreading a new way of thinking about old problems. Reform of the Public Sector Division, OECD 14.00 - 15.15 Regulating in the modern economy – New Tools for Policy Outcomes Mainstreaming “new” thinking into institutions Health Division, OECD 4 WORKSHOP PROGRAMME Brigitte Madrian Pete Lunn COFFEE BREAK - BEHAVIOURAL INSIGHTS AND NEW APPROACHES TO POLICY DESIGN Behavioural Insights and New Approaches to Policy Design BEHAVIOURAL INSIGHTS AND NEW APPROACHES TO POLICY DESIGN WORKSHOP PROGRAMME 3 - Session 4 Xavier Troussard Head of Unit «Foresight and Behavioural Insights», European Commission Lee McCauley, Treasury, New Zealand Maya Shankar White House Social and Behavioural Sciences Team (via video conference) Ways and methods for supporting behavioural insights and other new approaches to economic challenges? This session will discuss what support is required for “behavioural insights and new approaches practitioners” to successfully deliver better policies and better outcomes. This may include a discussion on the existing resources, networks and organisations and how they can assist practitioners. It will also include a discussion on the potential role of international bodies such as the OECD to support governments and regulators. Session 7 Richard Thaler Professor, Chicago Booth School of Business (Via video conference) Faisal Naru R e g u l ato r y P o l i cy Division, OECD 18.15 - 18.30 Moderator: Luiz De Mello Deputy Director, Public Governance and Territorial Development, OECD Consumer Policy Unit, Digital Economy Division, OECD • Discussant: Varun David Halpern Behavioural Team, UK Gauri, CoDirector, World Development Report 2015, World Bank From nudging to the next frontiers… Professor Richard Thaler will share his views on the future for applying behavioural insights and the potential of behavioural approaches to influence public and economic policy as well as the challenges in realising this potential. • Questions: Faisal Naru • Followed by Q&A from audience. FINAL WORDS Closing • Pete Avery, 6 17.30 - 18.15 Final thoughts and comments will be provided on the discussions and outcomes of the meetings and any potential next steps. Insights Luiz de Mello 16.30 - 17.15 Session 5 Professor, Har vard Law School (Via video conference) Katie Managing ideas42 Mar tin Director, The story so far of Behavioural Approaches and Nudging More Information Behavioural economics is the study of economic decision making and activity. Why do people make certain actions and how do they act in certain situations? This can range from the selection of product brands, to big decisions such as understanding why some people have health insurance, pensions and make health decisions. Professor Cass Sunstein will discuss the progress to date and lessons learnt from implementing behavioural approaches internationally. This includes revisiting the premise behind applying “nudges” for governments (better regulation) and for citizens and business (time and money). • Questions: Katie Martin • Followed by Q&A from audience. Understanding this behaviour can help governments and regulators design policies in such a way that citizens make better decisions and actions for themselves. CONTACT 17.15 - 17.30 • COFFEE BREAK For more information please contact Faisal Naru, Senior Economic Advisor, OECD (faisal.naru@oecd.org) or Filippo Cavassini, Policy Research and Advice, OECD (flippocavassini@ oecd.org). WEBSITES • • http://www.oecd.org/naec http://www.oecd.org/gov/regulatorypolicy/behavioural-economics.htm In the past five years, behavioural economics has been rapidly propelled from the margins of economic policy analysis towards the policy mainstream. Its increased application is helping countries across the world to regulate better based on actual, and not assumed, behaviour. REGULATORY POLICY The use of behavioural economics by governments and regulators is a growing trend globally, most notably in the United Kingdom and United States but more recently in Australia, Canada, Columbia, Denmark, Germany, Israel, Netherlands, New Zealand, Norway, Singapore, South Africa, Turkey and the European Union. WORKSHOP PROGRAMME Cass Sunstein Deputy Director, Public Governance and Territorial Development, OECD - BEHAVIOURAL INSIGHTS AND NEW APPROACHES TO POLICY DESIGN 15.15 - 16.30 BEHAVIOURAL INSIGHTS AND NEW APPROACHES TO POLICY DESIGN WORKSHOP PROGRAMME 5 OECD INITIATIVE NEW APPROACHES TO ECONOMIC CHALLENGES (NAEC) The OECD initiative on “New Approaches to Economic Challenges” (NAEC) is an organisation-wide reflection process on the causes of the crisis and the lessons for policy. It was launched at the 2012 OECD Ministerial Council Meeting (MCM) with the objective to catalyse a process of continuous improvement of the organisation’s analytical frameworks and advice. www.oecd.org/naec Photo Credits: Cover illustration: © Istockphoto/Vetta
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