of inflation and the magnitude of information treatment effects found in surveys across countries and time: when … inflation is high, people respond less to provided information about inflation. …

This paper presents experimental evidence from a monetary sticky price economy in which output and inflation depend on … expected future inflation. With rational inflation expectations, the economy does not generate persistent deviations of output … and inflation in response to a monetary shock. In the experimental sessions, however, output and inflation display …

This paper presents experimental evidence from a monetary sticky price economy in which output and inflation depend on … expected future inflation. With rational inflation expectations, the economy does not generate persistent deviations of output … and inflation in response to a monetary shock. In the experimental sessions, however, output and inflation display …