Experimental evidence on inflation expectation formation

By D. Pfajfar, B. Žakelj. 2014

143 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/10edec5c485e14c38fe8c63e304e082c81af41bf

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Olivier Coibion
2. Y. Gorodnichenko
3. Rupal Kamdar
4. Cars H. Hommes
5. Michael Weber
6. Frank H. Westerhoff
7. V. Ramey
8. Jean-Philippe Bouchaud

In Finance

1. Rupal Kamdar
2. Y. Gorodnichenko
3. Olivier Coibion
4. Cars H. Hommes
5. Frank H. Westerhoff
6. Xue-zhong He
7. Florian Wagener
8. Carl Chiarella

Citations in the corpus

• The Formation of Expectations, Inflation, and the Phillips Curve (2018, methodology): “He began with a paper in 1972 (Lucas 1972) in which an islands model was proposed where policy makers are unable to systematically exploit the Phillips curve relationship to control the real economy. Then, Lucas (1976) developed what is now known as the “Lucas critique”: using Keynesian models with ”
• Behavioral & Experimental Macroeconomics and Policy Analysis: A Complex Systems Approach (2018, background): “Pfajfar & Žakelj (2014, 2016) and Assenza, Heemeijer, Hommes & Massaro (2014) show that in their laboratory experiments in the NK framework, expectations of subjects can quite accurately (both qualitatively and quantitatively) be described as switching between simple heterogeneous forecasting…”