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008			150115s2014 enka o 000 0 eng d
020			_a9781784411947 (electronic bk.) : _c£72.95 ; È97.95 ; $114.95
040			_aUtOrBLW
050		4	_aHB172.5 _b.E97 2014
072		7	_aKCB _2bicssc
072		7	_aBUS039000 _2bisacsh
080			_a339
082	0	4	_a339 _223
245	0	0	_aExperiments in macroeconomics _h[electronic resource] / _cedited by John Duffy.
260			_aBingley, U.K. : _bEmerald, _c2014.
300			_a1 online resource (viii, 311 p.) : _bill.
490	1		_aResearch in experimental economics, _x0193-2306 ; _vv. 17
505	0		_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.
520			_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.
588	0		_aPrint version record
650		7	_aBusiness & Economics _xEconomics _xMacroeconomics. _2bisacsh
650		7	_aMacroeconomics. _2bicssc
650		0	_aMacroeconomics.
700	1		_aDuffy, John.
776	1		_z9781784411954
830		0	_aResearch in experimental economics ; _vv. 17.
856	4	0	_uhttps://www.emerald.com/insight/publication/doi/10.1108/S0193-2306201417
999			_c30740 _d30740