At present, rumors appear frequently in social platforms. The rumor diffusion will cause a
great impact on the network order and the stability of the society. So it's necessary to study …

Understanding how the degree of information frictions varies among economic agents is of
utmost importance for macroeconomic dynamics. We document and compare the frequency …

We use laboratory experiments with human subjects to test the relevance of different
inflation-targeting regimes. In particular and within the standard New Keynesian model, we …

Our study demonstrates how agents' expectations can interact dynamically with monetary
and fiscal policy at the zero lower bound. We study expectation formation near the zero …

Central banks are increasingly communicating their economic outlook in an effort to manage
the public and financial market participants' expectations. We provide original causal …

Establishing the external validity of experimental inflation forecasts is essential if laboratory
experiments are to be used as decision-making tools for monetary policy. Our contribution is …

This paper introduces a learning-to-forecast laboratory experiment based on a New-
Keynesian macroeconomy that is particularly close to the model's microfoundations. In this …

Purpose–The purpose of this paper is to explore the ability of monetary policy to generate
real effects in laboratory general equilibrium production economies. Design/methodology …

Abstract Theory predicts that inflation can become unstable when policymakers are in
conflict about their post-recession recovery strategies, with the fiscal authority actively …

We report on an experiment testing the empirical relevance of least squares (LS) learning, a
common way of modelling how individuals learn a rational expectations equilibrium (REE) …