The impact of interest rate policy on individual expectations and asset bubbles in experimental markets

DOI10.1016/J.JEDC.2019.103735MaRDI QIDQ2338528zbMATH OpenOpenAlexWikidataFDO

Authors Te Bao, Jichuan Zong

Publication date 21 November 2019

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

Full work available at URL https://doi.org/10.1016/j.jedc.2019.103735

zbMATH Keywords

asset bubblebehavioral financeexperimental economicsinterest rate policylearning-to-forecast experiment

Mathematics Subject Classification ID

Experimental studies (91A90) Economic growth models (91B62) Interest rates, asset pricing, etc. (stochastic models) (91G30)

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Cites work

• An experimental test of Taylor-type rules with inexperienced central bankers
• Behavioral uncertainty and the dynamics of traders' confidence in their price forecasts
• Bubble measures in experimental asset markets
• Cognitive ability and the effect of strategic uncertainty
• Effects of different ways of incentivizing price forecasts on market dynamics and individual decisions in asset market experiments
• Expectationally driven market volatility: An experimental study
• Expectations and learning under alternative monetary regimes: An experimental approach
• Finite bubbles with short sale constraints and asymmetric information
• Individual expectations, limited rationality and aggregate outcomes
• Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation
• Simple Finite Horizon Bubbles Robust to Higher Order Knowledge
• The heterogeneous expectations hypothesis: Some evidence from the lab
• The impact of monetary policy on stock market bubbles and trading behavior: evidence from the lab
• The simplest rational greater-fool bubble model
• Who inflates the bubble? Forecasters and traders in experimental asset markets

Cited in

(7)

• The impact of monetary policy on stock market bubbles and trading behavior: evidence from the lab
• Can competition between forecasters stabilize asset prices in learning to forecast experiments?
• Monetary policy and asset price bubbles: a laboratory experiment
• When speculators meet suppliers: positive versus negative feedback in experimental housing markets
• The impact of asset purchases in an experimental market with consumption smoothing motives
• Predicting the unpredictable: new experimental evidence on forecasting random walks
• Leaning against the wind in the New Keynesian model with heterogeneous expectations

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