Since behavioural economics and finance can help to create more targeted and effective policy solutions, the Central Bank of Ireland is committed to using insights from these disciplines to strengthen consumer protection and promote healthy household finances. In terms of my wish list for university research, let me highlight several more areas.
Not only does it promote a diversity of views, but it also helps to build public trust and preserve independence. However, it requires that I begin by reminding you that the views I express today are my own and do not necessarily reflect those of the Federal Reserve System or my colleagues on the Federal Open Market Committee (FOMC).