Learning to be rational in the presence of news: a lab investigation

We conduct a laboratory experiment in a micro-founded macroeconomic model where participants receive public announcements about future government spending shocks, and are tasked with repeatedly forecasting output over a given horizon. By eliciting several-period-ahead predictions, we can investigate...

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Bibliographic Details
Main Authors: Lustenhouwer, Joep (Author) , Salle, Isabelle (Author)
Format: Article (Journal)
Language:English
Published: 2025
In: European economic review
Year: 2025, Volume: 172, Pages: 1-20
ISSN:1873-572X
DOI:10.1016/j.euroecorev.2024.104948
Subjects:
Online Access:Verlag, kostenfrei: https://www.sciencedirect.com/science/article/pii/S0014292124002770/pdfft?md5=70ef1b1cc4415ab8a8251288a9c1fd69&pid=1-s2.0-S0014292124002770-main.pdf
Verlag, kostenfrei, Volltext: https://doi.org/10.1016/j.euroecorev.2024.104948
Verlag, kostenfrei, Volltext: https://www.sciencedirect.com/science/article/pii/S0014292124002770
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Author Notes:Joep Lustenhouwer, Isabelle Salle

MARC

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