An experimental test of Taylor-type rules with inexperienced central bankers

DOI10.1007/s10683-010-9233-9zbMath1231.91307OpenAlexW2136535015MaRDI QIDQ975365

Jim Engle-Warnick, Nurlan Turdaliev

Publication date: 9 June 2010

Published in: Experimental Economics (Search for Journal in Brave)

Full work available at URL: https://cirano.qc.ca/files/publications/2006s-05.pdf

zbMATH Keywords

repeated gamesmonetary policyexperimental economicsTaylor rule

Mathematics Subject Classification ID

Experimental studies (91A90) Dynamic stochastic general equilibrium theory (91B51)

Related Items

Inflation illusion and the Taylor principle: an experimental study ⋮ On the external validity of experimental inflation forecasts: a comparison with five categories of field expectations ⋮ The impact of interest rate policy on individual expectations and asset bubbles in experimental markets

Uses Software

• Ox
• Z-Tree

Cites Work

• Unnamed Item
• Estimating long-run relationships from dynamic heterogeneous panels
• Optimal Interest-Rate Smoothing
• Inflation Persistence
• Behavior in a Dynamic Decision Problem: An Analysis of Experimental Evidence Using a Bayesian Type Classification Algorithm
• Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations