create a website

Monetary Policy, Inflation Illusion and the Taylor Principle: An Experimental Study. (2013). Scharler, Johann ; Luhan, Wolfgang.
In: Working Papers.
RePEc:inn:wpaper:2013-03.

Full description at Econpapers || Download paper

Cited: 0

Citations received by this document

Cites: 38

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

    This document has not been cited yet.

References

References cited by this document

  1. Assenza, T., Heemeijer, P., Hommes, C., Massaro, D., May 2011. Individual expectations and aggregate macro behavior. DNB Working Papers 298, Netherlands Central Bank, Research Department.

  2. Ballinger, T., Palumbo, M., Wilcox, N., 2003. Precautionary saving and social learning across generations: An experiment. The Economic Journal 113 (490), 920–947.

  3. Bao, T., Duffy, J., Hommes, C., 2012. Learning, forecasting and optimizing: An experimental study, mimeo.

  4. Bernasconi, M., Kirchkamp, O., 2000. Why do monetary policies matter? An experimental study of saving and inflation in an overlapping generations model. Journal of Monetary Economics 46 (2), 315–343.

  5. Blanchard, O., Simon, J., 2001. The long and large decline in U.S. output volatility. Brookings Papers on Economic Activity 32 (2001-1), 135–174.

  6. Brunnermeier, M. K., Julliard, C., January 2008. Money illusion and housing frenzies. Review of Financial Studies 21 (1), 135–180.

  7. Bullard, J., Mitra, K., 2002. Learning about monetary policy rules. Journal of Monetary Economics 49 (6), 1105–1129.

  8. Campbell, J. Y., Vuolteenaho, T., 2004. Inflation illusion and stock prices. American Economic Review 94 (2), 19–23.
    Paper not yet in RePEc: Add citation now
  9. Carbone, E., Hey, J., 2004. The effect of unemployment on consumption: An experimental analysis. The Economic Journal 114 (497), 660–683.

  10. Clarida, R. H., Galı, J., Gertler, M., 1998. Monetary policy rules in practice: Some international evidence. European Economic Review 42 (6), 1033–1067.

  11. Clarida, R. H., Galı, J., Gertler, M., 2000. Monetary policy rules and macroeconomic stability: Evidence and some theory. Quarterly Journal of Economics 115 (1), 147–180.

  12. Clarida, R., Galı, J., Gertler, M., 1999. The science of monetary policy: A New Keynesian perspective. Journal of Economic Literature 37 (4), 1661–1707.

  13. Davis, S. J., Kahn, J. A., 2008. Interpreting the great moderation: Changes in the volatility of economic activity at the macro and micro levels. NBER Working Papers 14048, National Bureau of Economic Research, Inc.

  14. Duffy, J., Xiao, W., 2007. Investment and monetary policy: Learning and determinacy of equilibrium. Working Papers 324, University of Pittsburgh, Department of Economics.

  15. Dynan, K. E., Elmendorf, D. W., Sichel, D. E., January 2006. Can financial innovation help to explain the reduced volatility of economic activity? Journal of Monetary Economics 53 (1), 123–150.

  16. Ehrmann, M., Tzamourani, P., 2012. Memories of high inflation. European Journal of Political Economy 28, 174–191.

  17. Engle-Warnick, J. E., Turdaliev, N., 2010. An experimental test of Taylor-type rules with inexperienced central bankers. Experimental Economics 13 (2), 146–166.

  18. Fair, R. C., 2005. Estimates of the effectiveness of monetary policy. Journal of Money, Credit and Banking 37 (4), 645–60.
    Paper not yet in RePEc: Add citation now
  19. Fehr, E., Tyran, J., 2001. Does money illusion matter? American Economic Review 91 (5), 1239–62.

  20. Fischbacher, U., 2007. z-tree: Zurich toolbox for ready-made economic experiments. Experimental Economics 10 (2), 171–178.

  21. Fisher, I., 1928. The Money Illusion. Adelphi Company, New York.
    Paper not yet in RePEc: Add citation now
  22. Hey, J., Dardanoni, V., 1988. Optimal consumption under uncertainty: An experimental investigation. Economic Journal 98 (390), 105–16.

  23. Judd, J. F., Rudebush, G. D., 1998. Taylor’s rules and the Fed. Federal Reserve Bank of San Francisco Economic Review, 3–16.
    Paper not yet in RePEc: Add citation now
  24. Lei, V., Noussair, C., 2002. An experimental test of an optimal growth model. American Economic Review 92 (3), 411–433.

  25. Marimon, R., Sunder, S., 1995. Does a constant money growth rule help stabilize inflation: Expermimental evidence. Carnegie-Rochester Conference Series on Public Policy 45, 111–156.

  26. Modigliani, F., Cohn, R., 1979. Inflation, rational valuation and the market. Financial Analyst Journal 37 (3), 24–44.
    Paper not yet in RePEc: Add citation now
  27. Noussair, C. N., Pfajar, D., Zsiros, J., August 2011. Frictions, persistence, and central bank policy in an experimental dynamic stochastic general equilibrium economy, mimeo.

  28. Noussair, C., Matheny, K., 2000. An experimental study of decisions in dynamic optimization problems. Economic Theory 15 (2), 389–419.

  29. Orphanides, A., 2004. Monetary policy rules, macroeconomic stability and inflation: A view from the trenches. Journal of Money, Credit, and Banking 36 (2), 151–175.

  30. Pfajar, D., Zakelj, B., July 2011. Inflation expectations and monetary policy design: Evidence from the laboratory, mimeo.

  31. Piazzesi, M., Schneider, M., 2007. Inflation illusion, credit, and asset pricing. NBER Working Papers 12957, National Bureau of Economic Research, Inc.
    Paper not yet in RePEc: Add citation now
  32. Shiller, R. J., 1997. Why do people dislike inflation? In: Romer, C., Romer, D. (Eds.), Reducing Inflation: Motivation and Strategy. National Bureau of Economic Research, Inc, pp. 13–70.
    Paper not yet in RePEc: Add citation now
  33. Siegel, S., 1961. Decision making and learning under varying conditions of reinforcement. Annals of the New York Academy of Sciences 89 (5), 766–783.
    Paper not yet in RePEc: Add citation now
  34. Smith, V., 1976. Experimental economics: Induced value theory. The American Economic Review 66 (2), 274–279.

  35. Smith, V., 2003. Constructivist and ecological rationality in economics. The American Economic Review 93 (3), 465–508.

  36. Taylor, J. B., 1999. A historical analysis of monetary policy rules. In: Taylor, J. B. (Ed.), Monetary Policy Rules. University of Chicago Press, Chicago, pp. 1305–1311.

  37. Tyran, J., 2007. Money Illusion and the Market. Science 317 (5841), 1042–1043.
    Paper not yet in RePEc: Add citation now
  38. Woodford, M., 2003. Interest and Prices: Foundations of a Theory of Monetary Policy. Princeton University Press.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. Advances in the agent-based modeling of economic and social behavior. (2021). Steinbacher, Mitja ; Raddant, Matthias ; Alfarano, Simone ; Lux, Thomas ; Iori, Giulia ; Cuena, Eva Camacho ; Karimi, Fariba.
    In: SN Business & Economics.
    RePEc:spr:snbeco:v:1:y:2021:i:7:d:10.1007_s43546-021-00103-3.

    Full description at Econpapers || Download paper

  2. Should central banks communicate uncertainty in their projections?. (2021). Petersen, Luba ; Rholes, Ryan.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:183:y:2021:i:c:p:320-341.

    Full description at Econpapers || Download paper

  3. Monetary Policy and Asset Price Bubbles: A Laboratory Experiment. (2021). Noussair, Charles ; Giusti, Giovanni ; Gali, Jordi.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:130:y:2021:i:c:s0165188921001196.

    Full description at Econpapers || Download paper

  4. Monetary policy and asset price bubbles: a laboratory experiment. (2020). Noussair, Charles ; Giusti, Giovanni ; Gali, Jordi.
    In: Economics Working Papers.
    RePEc:upf:upfgen:1726.

    Full description at Econpapers || Download paper

  5. Long-run expectations in a learning-to-forecast experiment: a simulation approach. (2020). Gallegati, Mauro ; Colasante, Annarita ; Camacho Cuena, Eva ; Alfarano, Simone ; Camacho-Cuena, Eva.
    In: Journal of Evolutionary Economics.
    RePEc:spr:joevec:v:30:y:2020:i:1:d:10.1007_s00191-018-0585-1.

    Full description at Econpapers || Download paper

  6. On the external validity of experimental inflation forecasts: A comparison with five categories of field expectations. (2020). Hubert, Paul ; Cornand, Camille.
    In: Sciences Po publications.
    RePEc:spo:wpmain:info:hdl:2441/7t8isspkbs8hk8kol9kk9sjdl6.

    Full description at Econpapers || Download paper

  7. Should central banks communicate uncertainty in their projections?. (2020). Petersen, Luba ; Rholes, Ryan.
    In: Discussion Papers.
    RePEc:sfu:sfudps:dp20-01.

    Full description at Econpapers || Download paper

  8. Heuristic Switching Model and Exploration-Exploitation Algorithm to Describe Long-Run Expectations in LtFEs: a Comparison. (2020). Colasante, Annarita ; Camacho Cuena, Eva ; Alfarano, Simone ; Camacho-Cuena, Eva.
    In: Computational Economics.
    RePEc:kap:compec:v:56:y:2020:i:3:d:10.1007_s10614-019-09951-6.

    Full description at Econpapers || Download paper

  9. On the external validity of experimental inflation forecasts. (2020). Hubert, Paul ; Cornand, Camille.
    In: Post-Print.
    RePEc:hal:journl:hal-02894262.

    Full description at Econpapers || Download paper

  10. On the external validity of experimental inflation forecasts: A comparison with five categories of field expectations. (2020). Hubert, Paul ; Cornand, Camille.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:110:y:2020:i:c:s0165188919301459.

    Full description at Econpapers || Download paper

  11. Monetary Policy and Asset Price Bubbles: A Laboratory Experiment. (2020). Giusti, Giovanni ; Gali, Jordi.
    In: Working Papers.
    RePEc:bge:wpaper:1184.

    Full description at Econpapers || Download paper

  12. Heuristic Switching Model and Exploration-Explotation Algorithm to describe long-run expectations in LtFEs: a comparison. (2019). Alfarano, Simone ; Camacho-Cuena, Eva ; Colasante, Annarita.
    In: MPRA Paper.
    RePEc:pra:mprapa:92391.

    Full description at Econpapers || Download paper

  13. Heuristic Switching Model and Exploration-Explotation Algorithm to describe long-run expectations in LtFEs: A comparison. (2019). Colasante, Annarita ; Camacho Cuena, Eva ; Alfarano, Simone ; Camacho-Cuena, Eva.
    In: Working Papers.
    RePEc:jau:wpaper:2019/02.

    Full description at Econpapers || Download paper

  14. Experimental stock market dynamics: Excess bids, directional learning, and adaptive style-investing in a call-auction with multiple multi-period lived assets. (2019). Neugebauer, Tibor ; Selten, Reinhard.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:157:y:2019:i:c:p:209-224.

    Full description at Econpapers || Download paper

  15. The impact of interest rate policy on individual expectations and asset bubbles in experimental markets. (2019). Bao, Te ; Zong, Jichuan.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:107:y:2019:i:c:8.

    Full description at Econpapers || Download paper

  16. Learning to forecast, risk aversion, and microstructural aspects of financial stability. (2018). Biondo, Alessio Emanuele.
    In: Economics - The Open-Access, Open-Assessment E-Journal.
    RePEc:zbw:ifweej:201820.

    Full description at Econpapers || Download paper

  17. The stabilizing role of forward guidance: A macro experiment. (2018). Tettamanzi, Michele ; Lustenhouwer, Joep ; Ahrens, Steffen.
    In: BERG Working Paper Series.
    RePEc:zbw:bamber:137.

    Full description at Econpapers || Download paper

  18. Band or point inflation targeting? An experimental approach. (2018). Cornand, Camille ; Mbaye, Cheick Kader.
    In: Journal of Economic Interaction and Coordination.
    RePEc:spr:jeicoo:v:13:y:2018:i:2:d:10.1007_s11403-016-0183-y.

    Full description at Econpapers || Download paper

  19. Cognitive ability and earnings performance: Evidence from double auction market experiments. (2018). Chen, Shu-Heng ; Tai, Chung-Ching ; Yang, Lee-Xieng .
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:91:y:2018:i:c:p:409-440.

    Full description at Econpapers || Download paper

  20. Forward Guidance and the Role of Central Bank Credibility. (2018). Mavromatis, Kostas(Konstantinos) ; Homme, Cars ; Goy, Gavin.
    In: DNB Working Papers.
    RePEc:dnb:dnbwpp:614.

    Full description at Econpapers || Download paper

  21. The Stabilizing Role of Forward Guidance: A Macro Experiment. (2017). Ahrens, Steffen ; Tettamanzi, Michele ; Lustenhouwer, Joep.
    In: Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking.
    RePEc:zbw:vfsc17:168063.

    Full description at Econpapers || Download paper

  22. Learning to forecast, risk aversion, and microstructural aspects of financial stability. (2017). Biondo, Alessio Emanuele.
    In: Economics Discussion Papers.
    RePEc:zbw:ifwedp:2017104.

    Full description at Econpapers || Download paper

  23. Genetic algorithm learning in a New Keynesian macroeconomic setup. (2017). Makarewicz, Tomasz ; Massaro, Domenico ; Hommes, Cars ; Smits, Tom.
    In: Journal of Evolutionary Economics.
    RePEc:spr:joevec:v:27:y:2017:i:5:d:10.1007_s00191-017-0511-y.

    Full description at Econpapers || Download paper

  24. Long-run expectations in a Learning-to-Forecast-Experiment: a simulation approach. (2017). Colasante, Annarita ; Camacho Cuena, Eva ; Alfarano, Simone ; Gallegati, Mauro.
    In: MPRA Paper.
    RePEc:pra:mprapa:77618.

    Full description at Econpapers || Download paper

  25. Long-run expectations in a Learning-to-Forecast Experiment: A Simulation Approach. (2017). Gallegati, Mauro ; Colasante, Annarita ; Camacho Cuena, Eva ; Alfarano, Simone ; Camacho-Cuena, Eva.
    In: Working Papers.
    RePEc:jau:wpaper:2017/03.

    Full description at Econpapers || Download paper

  26. Stabilizing expectations at the zero lower bound: Experimental evidence. (2017). Petersen, Luba ; Arifovic, Jasmina.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:82:y:2017:i:c:p:21-43.

    Full description at Econpapers || Download paper

  27. Inflation Targeting and Macroeconomic Stability with Heterogeneous Inflation Expectations. (2016). Setterfield, Mark ; Lima, Gilberto ; Mark Setterfield, Jaylson Jair da Silveira, .
    In: Working Papers, Department of Economics.
    RePEc:spa:wpaper:2013wpecon11.

    Full description at Econpapers || Download paper

  28. Band or Point Inflation Targeting? An Experimental Approach. (2016). Cornand, Camille ; Kader, Cheick .
    In: Working Papers.
    RePEc:hal:wpaper:halshs-01313095.

    Full description at Econpapers || Download paper

  29. Band or Point Inflation Targeting? An Experimental Approach. (2016). Cornand, Camille ; Kader, Cheick .
    In: Working Papers.
    RePEc:gat:wpaper:1616.

    Full description at Econpapers || Download paper

  30. Escaping Expectations-Driven Liquidity Traps: Experimental Evidence. (2015). Petersen, Luba ; Arifovic, Jasmina.
    In: Discussion Papers.
    RePEc:sfu:sfudps:dp15-03.

    Full description at Econpapers || Download paper

  31. Animal spirits and credit cycles. (2015). Macchiarelli, Corrado ; De Grauwe, Paul ; DeGrauwe, Paul.
    In: LSE Research Online Documents on Economics.
    RePEc:ehl:lserod:63984.

    Full description at Econpapers || Download paper

  32. Animal spirits and credit cycles. (2015). Macchiarelli, Corrado ; De Grauwe, Paul ; DeGrauwe, Paul.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:59:y:2015:i:c:p:95-117.

    Full description at Econpapers || Download paper

  33. Genetic Algorithm Learning in a New Keynesian Macroeconomic Setup. (2015). Makarewicz, Tomasz ; Massaro, Domenico ; Hommes, Cars ; Smits, T.
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:15-01.

    Full description at Econpapers || Download paper

  34. Forecast Error Information and Heterogeneous Expectations in Learning-to-Forecast Experiments. (2014). Petersen, Luba.
    In: Discussion Papers.
    RePEc:sfu:sfudps:dp14-05.

    Full description at Econpapers || Download paper

  35. Learning the Ramsey outcome in a Kydland & Prescott economy. (2014). Yildizoglu, Murat ; Arifovic, Jasmina.
    In: Cahiers du GREThA.
    RePEc:grt:wpegrt:2014-06.

    Full description at Econpapers || Download paper

  36. Social networks, social interaction and macroeconomic dynamics: How much could Ernst Ising help DSGE?. (2014). Chen, Shu-Heng ; Chang, Chia-Ling ; Tseng, Yi-Heng.
    In: Research in International Business and Finance.
    RePEc:eee:riibaf:v:30:y:2014:i:c:p:312-335.

    Full description at Econpapers || Download paper

  37. Behavioral learning equilibria. (2014). Hommes, Cars ; Zhu, Mei .
    In: Journal of Economic Theory.
    RePEc:eee:jetheo:v:150:y:2014:i:c:p:778-814.

    Full description at Econpapers || Download paper

  38. Expectations and Monetary Policy: Experimental Evidence. (2013). Kryvtsov, Oleksiy.
    In: Discussion Papers.
    RePEc:sfu:sfudps:dp13-09.

    Full description at Econpapers || Download paper

  39. Heterogeneous Expectations, Optimal Monetary Policy, and the Merit of Policy Inertia. (2013). Gasteiger, Emanuel.
    In: CDMA Working Paper Series.
    RePEc:san:cdmawp:1308.

    Full description at Econpapers || Download paper

  40. Macroeconomic Stability and Heterogeneous Expectations. (2013). Spelta, Alessandro ; Pecora, Nicolo.
    In: DEM Working Papers Series.
    RePEc:pav:demwpp:037.

    Full description at Econpapers || Download paper

  41. Monetary Policy, Inflation Illusion and the Taylor Principle: An Experimental Study. (2013). Scharler, Johann ; Luhan, Wolfgang.
    In: Working Papers.
    RePEc:inn:wpaper:2013-03.

    Full description at Econpapers || Download paper

  42. Formation of rationally heterogeneous expectations. (2013). Pfajfar, Damjan.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:37:y:2013:i:8:p:1434-1452.

    Full description at Econpapers || Download paper

  43. Heterogeneous expectations in monetary DSGE models. (2013). Massaro, Domenico.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:37:y:2013:i:3:p:680-692.

    Full description at Econpapers || Download paper

  44. Animal Spirits, Heterogeneous Expectations and the Emergence of Booms and Busts. (2013). Hommes, Cars ; Brock, William ; Assenza, Tiziana.
    In: DISCE - Working Papers del Dipartimento di Economia e Finanza.
    RePEc:ctc:serie1:def007.

    Full description at Econpapers || Download paper

  45. Behaviorally Rational Expectations and Almost Self-Fulfilling Equilibria. (2013). Hommes, Cars.
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:13-17.

    Full description at Econpapers || Download paper

  46. An Experimental Study on Expectations and Learning in Overlapping Generations Models. (2012). Tuinstra, Jan ; Sonnemans, Joep ; Hommes, Cars ; Heemeijer, Peter .
    In: Studies in Nonlinear Dynamics & Econometrics.
    RePEc:bpj:sndecm:v:16:y:2012:i:4:n:1.

    Full description at Econpapers || Download paper

  47. Animal Spirits, Heterogeneous Expectations and the Amplification and Duration of Crises. (2012). Hommes, Cars ; Brock, William ; Assenza, Tiziana.
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:12-07.

    Full description at Econpapers || Download paper

  48. Regime shifts: early warnings. (2012). Massaro, D..
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:12-02.

    Full description at Econpapers || Download paper

  49. Evolutionary Selection of Individual Expectations and Aggregate Outcomes in Asset Pricing Experiments. (2012). Hommes, Cars ; Anufriev, Mikhail.
    In: American Economic Journal: Microeconomics.
    RePEc:aea:aejmic:v:4:y:2012:i:4:p:35-64.

    Full description at Econpapers || Download paper

  50. On the role of heuristics: Experimental evidence on inflation dynamics. (2011). Schubert, Manuel ; Giamattei, Marcus ; Lambsdorff, Johann Graf.
    In: Passauer Diskussionspapiere, Volkswirtschaftliche Reihe.
    RePEc:zbw:upadvr:v6311.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-02-26 16:44:23 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Sponsored by INOMICS. Last updated October, 6 2023. Contact: CitEc Team.

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy