' experiment through which to study the rationality of expectations. Our results show that East Germans significantly over …

period and individuals are not too risk averse. This paper tests the POUM hypothesis by means of a within subjects experiment … inequality aversion are (partially) controlled for via either the experiment design or the information collected during the … experiment. We find that the POUM hypothesis holds under alternative specifications, even when we control for individual fixed …

coordinate with other teams. We present an experiment with 825 participants, using six different coordination games, where either …

inflation (sunspot shocks) affecting nominal wage bargaining. Since the estimated parameters fall near the locus of Hopf … bifurcations, country-specific expected inflation shocks can replicate the strong persistence and heterogeneity observed in …

We use a unique design feature of a survey of Italian firms to study the causal effect of inflation expectations on … recent inflation (or the European Central Bank's inflation target) whereas other firms are not. This information treatment … generates exogenous variation in inflation expectations. We find that higher inflation expectations on the part of firms leads …

This paper provides new survey evidence on firms' inflation expectations in the euro area. Building on the ECB's Survey … on the Access to Finance of Enterprises (SAFE), we introduce consistent measurement of inflation expectations across … firms' inflation expectations and show that firms disagree about future inflation more than professional forecasters but …

of inflation, mortgage rates, and unemployment to the effects of communication about future inflation in a randomized … then provide 22 different forms of information regarding past, current and/or future inflation and interest rates … beyond one year do not have any additional impact on forecasts. Exogenous variation in inflation expectations transmits into …

models with rational expectations. We extend a standard New Keynesian model with a zero-lower bound on inflation expectations …