Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2020 - This Draft: February 10th, 2020
We compare the causal effects of forward guidance communication about future interest rates on households' expectations … controlled trial using more than 25,000 U.S. individuals in the Nielsen Homescan panel. We elicit individuals' expectations and …. Information treatments about current and next year's interest rates have a strong effect on household expectations but treatments …