Inflation illusion and the Taylor principle: an experimental study

DOI10.1016/J.JEDC.2014.05.006MaRDI QIDQ1994593zbMATH OpenOpenAlexFDO

Authors Wolfgang J. Luhan, Johann Scharler

Publication date 1 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://researchportal.port.ac.uk/portal/en/publications/inflation-illusion-and-the-taylor-principle(9f56fb8d-3f9f-49c4-a79b-7d58933728f1).html

zbMATH Keywords

laboratory experimentTaylor principleinterest rate ruleinflation illusion

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Experimental studies (91A90)

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Cites work

• An experimental study of decisions in dynamic optimization problems
• An experimental test of Taylor-type rules with inexperienced central bankers
• Does trade openness matter for aggregate instability?
• Firm-specific capital, nominal rigidities, and the Taylor principle
• Investment and interest rate policy: a discrete time analysis
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• The New Keynesian Phillips curve with myopic agents

Cited in

(3)

• On the external validity of experimental inflation forecasts: a comparison with five categories of field expectations
• An experimental test of Taylor-type rules with inexperienced central bankers
• Inflation response in a New Keynesian model with money illusion

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