optimal but 'simple' forecast functions, describes subjects'; inflation expectations surprisingly well and explains the …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 …

optimal but 'simple' forecast functions, describes subjects' inflation expectations surprisingly well and explains the …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 …