Monetary policy and asset price bubbles: a laboratory experiment

DOI10.1016/J.JEDC.2021.104184zbMath1475.91374OpenAlexW3182835382MaRDI QIDQ2246764

Giovanni Giusti, Jordi Galí, Charles N. Noussair

Publication date: 16 November 2021

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

Full work available at URL: http://hdl.handle.net/10230/48412

zbMATH Keywords

interest ratesgrowing asset price bubbleleaning-against the-wind policies

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Interest rates, asset pricing, etc. (stochastic models) (91G30) Experimental work for problems pertaining to game theory, economics, and finance (91-05)

Uses Software

• Z-Tree

Cites Work

• Competitive equilibria in overlapping generations experiments
• Expectations and learning under alternative monetary regimes: An experimental approach
• The impact of monetary policy on stock market bubbles and trading behavior: evidence from the lab
• The impact of interest rate policy on individual expectations and asset bubbles in experimental markets
• Indeterminacy of Equilibria in a Hyperinflationary World: Experimental Evidence
• An Experimental Test of the Lucas Asset Pricing Model

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