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Macroeconomic expectations, central bank communication, and background uncertainty: A COVID-19 laboratory experiment()

This paper explores the robustness of laboratory expectation formation and public signal credibility to external uncertainty shocks and online experimentation. We exploit the recent pandemic as a source of exogenous background uncertainty in a New Keynesian learning-to-forecast experiment (LtFE) whe...

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Detalles Bibliográficos
Autores principales: Petersen, Luba, Rholes, Ryan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Published by Elsevier B.V. 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9233881/
https://www.ncbi.nlm.nih.gov/pubmed/35783344
http://dx.doi.org/10.1016/j.jedc.2022.104460