Department of Economics and Business Economics

A model of the representative economist, as researcher and policy advisor

Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaperJournal articleResearchpeer-review



Econ is the representative academic economist who behaves as predicted by economic theory. The paper considers an important parameter β. It assumes that economic theory predicts the sign on β, and that an empirical literature of M papers exists about β. Two cases are considered: (C1) Econ is in the academic career writing a paper with a new estimate of β. (C2) Econ is advising the Minister who is in charge of a policy using β. Economic theory gives a clear prediction in both cases: The size of β will be exaggerated in (C1) and even more in (C2).
Original languageEnglish
Article number1
JournalEuropean Journal of Political Economy
Pages (from-to)5-15
Number of pages11
Publication statusPublished - 2018

    Research areas

  • META, Publication bias, Rational economist

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