together are consistent with neither the rational expectations hypothesis nor reputation models with rational and strategic …

Suppose competent economists obtain common information on business forecasts, and incompetent economists obtain …

Using data on one-shot games, we investigate the assumption that players respond to underlying expectations about their …

-Keynesian model. Participants continuously provide forecasts for prices spanning multiple future periods. These forecasts determine … experiment deviate more from the rational expectations equilibrium prices under strategic complementarity than under strategic … substitution. Second, participants' expectations respond to announcements of future shocks on average. Finally, participants employ …

We examine whether inflation expectations obtained by open- and closed-ended questions lead to different inflation … expectations through a randomized controlled trial. We find that different questionnaires measure significantly different inflation … expectations, especially in the short term. We further investigate whether inflation expectations induce consumers to change the …

expectations equilibrium level in periods prior to the intervention compared with the treatment without it. The participants …

affected by QE in the rational expectations equilibrium. We find that QE raises bond prices above those in the benchmark …