rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Experiments in macroeconomics
  name:
    name part: Duffy, John.
  type of resource: text
  origin info:
    place:
      place term: enk
    place:
      place term: Bingley, U.K
    publisher: Emerald
    date issued: 2014
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic resource
    form: remote
    extent: 1 online resource (viii, 311 p.) : ill.
  abstract: Macroeconomic models and assumptions have traditionally been evaluated using non-experimental "field" data. However, in many instances the field data necessary to evaluate such models and assumptions are not available. Recently, researchers have begun to explore ways of implementing micro-founded macroeconomic models in the controlled conditions of the experimental laboratory as an alternative means of gathering the data necessary to address the empirical relevance of macroeconomic models and assumptions as well as to understand questions of equilibrium selection or policy prescriptions. This volume is the first-ever collection of laboratory studies aimed at understanding macroeconomic phenomena. The chapters, by leading researchers in the field, explore consumption behavior, expectation formation, monetary economics and central bank policy in a variety of different macroeconomic models. Readers will come away with a better understanding of how to implement macroeconomic models in the laboratory and the valuable insights that laboratory research can bring to our understanding of macroeconomics.
  table of contents: Macroeconomics in the laboratory / John Duffy -- Experiments on expectations in macroeconomics and finance / Tiziana Assenza ... [et al.] -- Persistence of shocks in an experimental dynamic stochastic general equilibrium economy / Charles N. Noussair, Damjan Pfajfa, Janos Zsiros -- Forecast error information and heterogeneous expectations in learning-to-forecast experiments / Luba Petersen -- An experiment on consumption responses to future prices and interest rates / Wolfgang J. Luhan, Michael W.M. Roos, Johann Scharler -- Experiments on monetary policy and central banking / Camille Cornand, Frank Heinemann -- Evolving better strategies for central bank communication : evidence from the laboratory / Jasmina Arifovic -- Experimental evidence on the essentiality and neutrality of money in a search model / John Duffy, Daniela Puzzello.
  note: edited by John Duffy.
  subject:
    topic: Business & Economics
    topic: Economics
    topic: Macroeconomics
  subject:
    topic: Macroeconomics
  subject:
    topic: Macroeconomics
  classification: HB172.5 .E97 2014
  classification: 339
  related item:
    title info:
      title: Research in experimental economics ; v. 17
  identifier: 9781784411947 (electronic bk.) :
  identifier: http://www.emeraldinsight.com/0193-2306/17
  record info:
    record content source: UtOrBLW
    record creation date: 150115
    record change date: 20150115111713.0
    record identifier: bslw09310075