On the role of heuristics -- experimental evidence on inflation dynamics

DOI10.1016/J.JEDC.2013.02.007zbMath1402.91103OpenAlexW2139976638MaRDI QIDQ1994252

Manuel Schubert, Johann Graf Lambsdorff, Marcus Giamattei

Publication date: 1 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2013.02.007

zbMATH Keywords

New Keynesian Phillips curveinflation persistencestaggered pricessticky reasoning

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Microeconomic theory (price theory and economic markets) (91B24) Experimental studies (91A90)

Related Items (2)

Inspired and inspiring: Hervé Moulin and the discovery of the beauty contest game ⋮ On the external validity of experimental inflation forecasts: a comparison with five categories of field expectations

Uses Software

• Z-Tree

Cites Work

• The heterogeneous expectations hypothesis: Some evidence from the lab
• On players' models of other players: Theory and experimental evidence
• Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation
• Guessing with negative feedback: an experiment
• Cooperation in Experimental Games of Strategic Complements and Substitutes
• Knowing What Others Know: Coordination Motives in Information Acquisition
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• LEARNING IN COBWEB EXPERIMENTS
• Limited Rationality and Strategic Interaction: The Impact of the Strategic Environment on Nominal Inertia
• Experimental `beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria

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