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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

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

Salle, I. (2021). Comment on “No firm is an island? How industry conditions shape firms{\textquoteright} expectations” by Philippe Andrade, Olivier Coibion, Erwan Gautier and Yuriy Gorodnichenko Journal of Monetary Economics, :.

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.