Macroeconomic expectations, central bank communication, and background uncertainty: a COVID-19 laboratory experiment

DOI10.1016/J.JEDC.2022.104460OpenAlexW4283585737MaRDI QIDQ2097981

Ryan Rholes, Luba Petersen

Publication date: 17 November 2022

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2022.104460

zbMATH Keywords

uncertaintyexpectationscredibilitymonetary policycoordinationlaboratory experimentstrategicCOVID-19online experimentationexperimental macroeconomicsinflation communication

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Uses Software

• ORSEE

Cites Work

• Individual expectations, limited rationality and aggregate outcomes
• Stabilizing expectations at the zero lower bound: experimental evidence
• Learning to live in a liquidity trap
• Animal spirits and credit cycles
• Experimental evidence on inflation expectation formation
• Can competition between forecasters stabilize asset prices in learning to forecast experiments?
• The behavioral economics of currency unions: economic integration and monetary policy
• Monetary policy rules in a non-rational world: a macroeconomic experiment
• On the external validity of experimental inflation forecasts: a comparison with five categories of field expectations
• When speculators meet suppliers: positive versus negative feedback in experimental housing markets

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