candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …, we manipulate the rational expectations of subjects and check whether this manipulation influences their effort provision …-based reference-dependent preferences: if expectations are high, subjects work longer and earn more money than if expectations are low. …

expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We provide preliminary evidence for … households increased their inflation expectations and willingness to purchase durables before the increase in VAT. Future …

study the causal effect of unconventional fiscal policies on consumption expenditure via the inflation-expectations channel … (VAT) effective in 2007. This shock increased German households' inflation expectations during 2006, as well as actual …

expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We exploit a unique natural … 2007. The shock increased households' inflation expectations during 2006 and actual inflation in 2007. Germans' willingness …