LEADER 03918nam 2200637Ia 450 001 9910975406203321 005 20150115111713.0 010 $a9781784411947 010 $a1784411949 035 $a(CKB)3710000000290703 035 $a(SSID)ssj0001410626 035 $a(PQKBManifestationID)11900229 035 $a(PQKBTitleCode)TC0001410626 035 $a(PQKBWorkID)11374756 035 $a(PQKB)10788016 035 $a(MiAaPQ)EBC1865244 035 $a(Au-PeEL)EBL1865244 035 $a(CaPaEBR)ebr10987419 035 $a(CaONFJC)MIL663939 035 $a(OCoLC)914824377 035 $a(UtOrBLW)bslw09310075 035 $a(Perlego)387300 035 $a(EXLCZ)993710000000290703 100 $a20150115d2014 uy 0 101 0 $aeng 135 $aurun||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aExperiments in macroeconomics /$fedited by John Duffy 205 $aFirst edition. 210 1$aUnited Kingdom :$cEmerald,$d2014. 215 $a1 online resource (320 pages) $cillustrations (some color) 225 1 $aResearch in experimental economics,$x0193-2306 ;$vv. 17 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a9781322326573 311 08$a1322326576 311 08$a9781784411954 311 08$a1784411957 320 $aIncludes bibliographical references. 327 $aMacroeconomics 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. 330 $aMacroeconomic models and assumptions have traditionally been evaluated using non-experimental "field" data. However, in many instances the field data necessary to evaluate such models and assumptions are not available. Recently, researchers have begun to explore ways of implementing micro-founded macroeconomic models in the controlled conditions of the experimental laboratory as an alternative means of gathering the data necessary to address the empirical relevance of macroeconomic models and assumptions as well as to understand questions of equilibrium selection or policy prescriptions. This volume is the first-ever collection of laboratory studies aimed at understanding macroeconomic phenomena. The chapters, by leading researchers in the field, explore consumption behavior, expectation formation, monetary economics and central bank policy in a variety of different macroeconomic models. Readers will come away with a better understanding of how to implement macroeconomic models in the laboratory and the valuable insights that laboratory research can bring to our understanding of macroeconomics. 410 0$aResearch in experimental economics ;$vv. 17. 606 $aBusiness & Economics$xEconomics$xMacroeconomics$2bisacsh 606 $aMacroeconomics$2bicssc 606 $aMacroeconomics 615 7$aBusiness & Economics$xEconomics$xMacroeconomics. 615 7$aMacroeconomics. 615 0$aMacroeconomics. 676 $a339 701 $aDuffy$b John$0157218 801 0$bUtOrBLW 906 $aBOOK 912 $a9910975406203321 996 $aExperiments in macroeconomics$94460792 997 $aUNINA