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Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory 2015

3/7/2016

 
Here.

Using laboratory experiments within a New Keynesian framework, we explore the interaction between the formation of inflation expectations and monetary policy design. The central question in this paper is how to design monetary policy when expectations formation is not perfectly rational. 


From:
​
Damjan Pfajfa
Federal Reserve Board

Blaz Zakelj
Universitat Pompeu Fabra


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