Journal article icon

Journal article

Macroeconomic expectations, central bank communication, and background uncertainty: a COVID-19 laboratory experiment

Abstract:

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) where participants receive projections of varying precision about future inflation. We compare results from identical LtFE completed immediately before the onset of the pandemic, soon after (online...

Expand abstract
Publication status:
Published
Peer review status:
Peer reviewed

Actions


Access Document


Publisher copy:
10.1016/j.jedc.2022.104460

Authors


More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Economics
Role:
Author
ORCID:
0000-0001-7167-4246
Publisher:
Elsevier
Journal:
Journal of Economic Dynamics and Control More from this journal
Volume:
143
Article number:
104460
Publication date:
2022-06-26
Acceptance date:
2022-06-14
DOI:
EISSN:
1879-1743
ISSN:
0165-1889
Pmid:
35783344

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP