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Home | People | Isabelle Salle

Isabelle Salle

Research Fellow

University of Amsterdam
Research field
Behavioral Economics, Behavioral Finance, Bounded Rationality, Complex Systems, Experimental Economics, International Economics, Learning, Macroeconomics, Non-Linear Dynamics


Isabelle is a researcher in behavioral macroeconomics and finance. She works on the interactions between theoretical frameworks such as learning and heterogeneous agent models and empirical evidence on behaviors and expectations from lab and survey experiments. In her role as principal researcher at the Bank of Canada her research has included policy regarding the interactions between monetary and fiscal interventions in low-interest rate environments, central banks' communication, inflation targeting renewal and unconventional monetary policies.

List of publications

Hommes, C., Huber, StefanieJ., Minina, D. and Salle, I. (2024). Learning in a complex world: Insights from an OLG lab experiment Journal of Economic Behavior and Organization, 220:813--837.

Arifovic, J., Grimaud, A., Salle, I. and Vermandel, G. (2024). Social Learning and Monetary Policy at the Effective Lower Bound Journal of Money, Credit and Banking, :.

Salle, IsabelleL. (2023). What to target? Insights from a lab experiment Journal of Economic Behavior and Organization, 212:514--533.

Arifovic, J., Hommes, C., Kopányi-Peuker, A. and Salle, I. (2023). Ten Isn’t Large! Group Size and Coordination in a Large-Scale Experiment American Economic Journal: Microeconomics, 15(1):580--617.

Salle, I. (2022). Comment on “No firm is an island? How industry conditions shape firms’ expectations” by Philippe Andrade, Olivier Coibion, Erwan Gautier and Yuriy Gorodnichenko Journal of Monetary Economics, 125:.

Evans, G., Hommes, C., McGough, B. and Salle, I. (2022). Are long-horizon expectations (de-)stabilizing? Theory and experiments Journal of Monetary Economics, 132:44--63.

Hodbod, A., Hommes, C., Huber, S. and Salle, I. (2021). The COVID-19 consumption game-changer: Evidence from a large-scale multi-country survey European Economic Review, 140:.

Arifovic, J., Hommes, C. and Salle, I. (2019). Learning to believe in simple equilibria in a complex OLG economy - evidence from the lab Journal of Economic Theory, 183:106--182.

Hommes, C., Massaro, D. and Salle, I. (2019). Monetary and Fiscal Policy Design at the Zero Lower Bound: Evidence from the Lab Economic Inquiry, 57(2):1120--1140.

Salle, I., Sénégas, M. and Yıldızoğlu, M. (2019). How transparent about its inflation target should a central bank be?: An agent-based model assessment Journal of Evolutionary Economics, 29(1):391--427.

Seppecher, P., Salle, I. and Lang, D. (2019). Is the market really a good teacher?: Market selection, collective adaptation and financial instability Journal of Evolutionary Economics, 29(1):299--335.

Salle, I. and Seppecher, P. (2018). Stabilizing an unstable complex economy on the limitations of simple rules Journal of Economic Dynamics and Control, 91:289--317.

Seppecher, P., Salle, I. and Lavoie, M. (2018). What drives markups? Evolutionary pricing in an agent-based stock-flow consistent macroeconomic model Industrial and Corporate Change, 27(6):1045--1067.

Salle, I., Yildizoglu, M., Zumpe, M. and Sénégas, M. (2017). Coordination through social learning in a general equilibrium model Journal of Economic Behavior and Organization, 141:64--82.

Salle, I. and Seppecher, P. (2016). Social Learning about Consumption Macroeconomic Dynamics, 20(7):1795--1825 .

Seppecher, P. and Salle, I. (2015). Deleveraging crises and deep recessions: a behavioural approach Applied Economics, 47(34-35):3771--3790.

Salle, I. (2015). Modeling expectations in agent-based models: an application to central bank's communication and monetary policy Economic Modelling, 46:130--141.

Yıldızoğlu, M., Sénégas, M., Salle, I. and Zumpe, M. (2014). Learning the optimal buffer-stock consumption rule of Carroll Macroeconomic Dynamics, 18(4):727--752.

Salle, I. and Yıldızoğlu, M. (2014). Efficient sampling and meta-modeling in computational economic models Computational Economics, 44(4):507--536.

Salle, I., Yıldızoğlu, M. and Sénégas, M. (2013). Inflation targeting in a learning economy: An ABM perspective Economic Modelling, 34:114--128.