Here.

This article reports the results of our research regarding introduction of mathematical tutorial software to enhance math skills among students taking economics courses. Math You Need (MYN) is designed to tackle difficulties with math concepts that often prevent students from successfully completing introductory economics courses. MYN has ten modules on core math concepts (percentage change, the slope, marginal analysis, modeling, understanding graphs, graphing data, rearranging equations, units of analysis, solving simultaneous equations, variables and parameters). Each module provides students with information on the mathematical concept and why and how they are used in economics.

From:

Christina Robinson
Carlos Liard-Muriente
​

Here.

Virtual currencies are a contemporary form of private money. Thanks to their technological properties, their global transaction networks are relatively safe, transparent, and fast. This gives them good prospects for further development. However, they remain unlikely to challenge the dominant position of sovereign currencies and central banks, especially those in major currency areas. As with other innovations, virtual currencies pose a challenge to financial regulators, in particular because of their anonymity and trans-border character.

From:

Marek Dabrowski
Lukasz Janikowski
Prepared for the Committee on Economic and Monetary Affairs of the European Parliament (ECON)

Here.

This paper proposes a classroom-experiment approach to interrogate the specific factors model. Its design differs from earlier work in that students can observe both the factor prices in two different sectors, and the society’s welfare. Students participate as factor owners and can produce both of two kinds of goods by allocating their resources to maximise their teams’ welfare. Their resource endowment, relative prices, and trade rules vary round by round. Based on the outcomes, students discuss the impacts of relatively abundant resources, relative prices and trade rules on team welfare, individual income and the gains from trade. This classroom experiment could foster better learner understanding of the specific factors model, both individually and collectively.

From:

Yu-Hsuan Lin
Catholic University of Korea

Here.

In this paper, we measure belief formation in an experimental setting where agents are
incentivized to provide accurate forecasts of a random variable, drawn from a stable and
simple statistical process. Using these data, we estimate an empirical model that builds on the
recent literature on expectation dynamics: It nests rational expectations, but also allows for
extrapolation and under-reaction. Our findings are threefold. First, the rational expectation
hypothesis is strongly rejected in our setting, and we find little evidence or learning. Second,
both extrapolation and underreaction patterns are statistically discernible in the data, but
extrapolation quantitatively dominates. Third, our model coefficients are very robust to
changes in experimental setting: They do not depend on process parameters, individual
characteristics or framing. These large and stable deviations from rationality occur even
though the forecasting exercise is simple and transparent.

From:

Augustin Landier
HEC Paris

Yueran Ma
Harvard University

David Thesmar
MIT-Sloan and CEPR

Here.

This dissertation examines two prominent macroeconomic models and their behavioral underpinnings in a laboratory setting. The first is that of state-dependent pricing models (i.e., “menu cost” models). Comparisons were made between laboratory results and a computer- simulated optimal behavior, and results indicate that subjects update prices too frequently resulting in statistically suboptimal profits due to subjects’ inability to clearly ascertain the optimal threshold at which to update prices. Second, the consumption predictions made under rational inattention theory were examined via a laboratory experiment. Results indicate that subjects’ behavior aligns well with predictions in that they consume stochastically, yet adjust their consumption and attention according to variations in the economic environment. Subjects also respond more quickly and in higher magnitude to negative income shocks compared to positive. Finally, the experiments provided two use cases that enabled the evaluation of how coding environments and demands on versatility of laboratory of experiments have evolved. Performance comparisons were made between two novel coding environments and the most commonly used experimental platform, z-Tree. Results indicate that while environments other than z-Tree oer substantially more flexibility and performance enhancements, these benefits can come at the cost of nontrivial software engineering resources.


From:

Justin LeBlanc
University of Arkansas

Here.

I just like their design. User friendly. Clean design. 

Here.

Original 1992 version pre-computerization.

Charles Noussair, Charles Plott and Raymond Riezman
​California Institute of Technology and the University of Iowa

Here.

It's pretty good.

Other economists are profiled.

Here.

We develop a stylized interbank market environment and use it to evaluate
with experimental methods the effects of liquidity requirements. Baseline and
liquidity-regulated regimes are analyzed in a simple shock environment, which
features a single idiosyncratic shock, and in a compound shock environment, in
which the idiosyncratic shock is followed by a randomly occurring second-stage
shock. Interbank trading of the illiquid asset follows each shock. In the simple
shock environment, we find that liquidity regulations reduce the incidence of
bankruptcies, but at a large loss of investment efficiency. In the compound
shock environment, liquidity regulations not only impose a loss of investment
efficiency but also fail to reduce bankruptcies.

From:

Douglas Davis
Oleg Korenok
John Lightle,
Edward Simpson Prescott

Federal Reserve Bank of Cleveland

Here.

The present paper takes stock of the state of New Keynesian economics by reviewing some of its main insights and by providing an overview of some recent developments. In particular, I discuss some recent work on two very active research programs: the implications of the zero lower bound on nominal interest rates and the interaction of monetary policy and household heterogeneity. Finally, I discuss what I view as some of the main shortcomings of the New Keynesian model and possible areas for future research.

From:

Jordi Galí
Journal of Economic Perspectives