Showing 1 - 10 of 46
exposure to macroeconomic risk, consistent with sticky information models in which people are inattentive, but understand how …
Persistent link: https://www.econbiz.de/10011877783
exposure to macroeconomic risk, consistent with sticky information models in which people are inattentive, but understand how …
Persistent link: https://www.econbiz.de/10011937404
We review methodological questions relevant for the design of information provision experiments. We first provide a … literature review of major areas in which information provision experiments are applied. We then outline key measurement … challenges and design recommendations that may be of help for practitioners planning to conduct an information experiment. We …
Persistent link: https://www.econbiz.de/10012269476
We survey retail investors at an online bank to study beliefs about the autocorrelation of aggregate stock returns, and how these beliefs shape investment decisions measured in administrative account data. Individuals' beliefs exhibit substantial heterogeneity and predict trading responses to...
Persistent link: https://www.econbiz.de/10012819007
respondents with information about the debt-to-GDP ratio in the US. Based on a total of more than 4,000 respondents, we find that …
Persistent link: https://www.econbiz.de/10013202249
We review methodological questions relevant for the design of information provision experiments. We first provide a … literature review of major areas in which information provision experiments are applied. We then outline key measurement … challenges and design recommendations that may be of help for practitioners planning to conduct an information experiment. We …
Persistent link: https://www.econbiz.de/10013202264
We study the effects of forward guidance with an approach that combines theory with experimental estimates of counterfactual expectation adjustments. Guided by the model, we conduct experiments with representative samples of the US population to study how households adjust their expectations in...
Persistent link: https://www.econbiz.de/10013202289
We survey retail investors at an online bank to study beliefs about the autocorrelation of aggregate stock returns, and how these beliefs shape investment decisions measured in administrative account data. Individuals' beliefs exhibit substantial heterogeneity and predict trading responses to...
Persistent link: https://www.econbiz.de/10013202290
We study the effects of forward guidance with an approach that combines theory with experimental estimates of counterfactual expectation adjustments. Guided by the model, we conduct experiments with representative samples of the US population to study how households adjust their expectations in...
Persistent link: https://www.econbiz.de/10012794523
We survey retail investors at an online bank to study beliefs about the autocorrelation of aggregate stock returns, and how these beliefs shape investment decisions measured in administrative account data. Individuals’ beliefs exhibit substantial heterogeneity and predict trading responses to...
Persistent link: https://www.econbiz.de/10012799727