| Description |
1 online resource (viii, 311 pages) : illustrations. |
|
text file |
| Series |
Research in experimental economics,
0193-2306 ;
v. 17
|
|
Research in experimental economics ; v. 17.
|
| Bibliography |
Includes bibliographical references and references at chapter ends. |
| Contents |
Macroeconomics in the laboratory / John Duffy -- Experiments on expectations in macroeconomics and finance / Tiziana Assenza, Te Bao, Cars Hommes, and Domenico Massaro -- Persistence of shocks in an experimental dynamic stochastic general equilibrium economy / Charles N. Noussair, Damjan Pfajfar, and Janos Zsiros -- Forecast error information and heterogeneous expectations in learning-to-forecast experiments / Luba Petersen -- An experiment on consumption responses to future prices and interest rates / Wolfgang J. Luhan, Michael W.M. Roos, and Johann Scharler -- Experiments on monetary policy and central banking / Camille Cornand, and Frank Heinemann -- Evolving better strategies for central bank communication : evidence from the laboratory / Jasmina Arifovic -- Experimental evidence on the and neutrality of money in a search model / John Duffy and Daniela Puzzello. |
| Summary |
Macroeconomic models and assumptions have traditionally been evaluated using non-experimental "field" data. However, in many instances the field data necessary to evaluate such models and assumptions are not available. Recently, researchers have begun to explore ways of implementing micro-founded macroeconomic models in the controlled conditions of the experimental laboratory as an alternative means of gathering the data necessary to address the empirical relevance of macroeconomic models and assumptions as well as to understand questions of equilibrium selection or policy prescriptions. This volume is the first-ever collection of laboratory studies aimed at understanding macroeconomic phenomena. The chapters, by leading researchers in the field, explore consumption behavior, expectation formation, monetary economics and central bank policy in a variety of different macroeconomic models. Readers will come away with a better understanding of how to implement macroeconomic models in the laboratory and the valuable insights that laboratory research can bring to our understanding of macroeconomics. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Macroeconomics.
|
|
Macroeconomics. |
| Genre/Form |
Electronic books.
|
| Added Author |
Duffy, John, 1964- editor, author.
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| Other Form: |
9781784411954 |
| ISBN |
9781784411947 (electronic book) |
|
1784411949 (electronic book) |
|
9781784411954 |
|
1784411957 |
|
9781322326573 |
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1322326576 |
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