Showing 1 - 10 of 22,589
In this paper we will give an overview of the more relevant results on the theoretical and experimental research related to public and private information dissemination and aggregation in asset markets, focusing mainly on the contemporaneous presence of public and private information and its...
Persistent link: https://www.econbiz.de/10010406743
ability of the market deteriorate. Notable features of the experiment include a complex setup based directly on the …
Persistent link: https://www.econbiz.de/10008936428
ability of the market deteriorate. Notable features of the experiment include a complex setup based directly on the …
Persistent link: https://www.econbiz.de/10013128675
to the theory literature by characterizing a new circulation regime where agents use the foreign currency solely for …
Persistent link: https://www.econbiz.de/10012833523
lower bound. We study expectation formation near the zero lower bound using a learning-to-forecast laboratory experiment …
Persistent link: https://www.econbiz.de/10012969982
expansion vs. lump-sum monetary transfers. In theory, both processes are neutral and exert no real effect on allocation. In the … experiment, however, credit expansion leads to substantial distortions of real allocation and relative prices, and exerts a …
Persistent link: https://www.econbiz.de/10012971634
that, counter to theory, the Friedman rule is not welfare improving, performing no better than a constant money regime. By …
Persistent link: https://www.econbiz.de/10012850619
We conduct laboratory experiments with human subjects to test the rationale of adopting a band versus point inflation targeting regime. Within the standard New Keynesian model, we evaluate the macroeconomic performances of both regimes according to the strength of shocks affecting the economy....
Persistent link: https://www.econbiz.de/10012992436
not rely on such a belief. Under this scheme, subjects participate in an experiment for a fixed number of periods where …
Persistent link: https://www.econbiz.de/10012493316
We run a gift-exchange experiment under conditions of monetary neutrality: aggregate changes in nominal wages leave … monetary policy shock after the first half of the experiment. Treatments UP and DOWN vary the direction of the shock. We …
Persistent link: https://www.econbiz.de/10012163067