Experiments in Macroeconomics

Business & Finance, Economics, Macroeconomics
Cover of the book Experiments in Macroeconomics by , Emerald Group Publishing Limited
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781784411947
Publisher: Emerald Group Publishing Limited Publication: November 14, 2014
Imprint: Emerald Group Publishing Limited Language: English
Author:
ISBN: 9781784411947
Publisher: Emerald Group Publishing Limited
Publication: November 14, 2014
Imprint: Emerald Group Publishing Limited
Language: English

Macroeconomic 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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Macroeconomic 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.

More books from Emerald Group Publishing Limited

Cover of the book The Structuring of Work in Organizations by
Cover of the book Corporate Governance in the US and Global Settings by
Cover of the book Communication and Information Technologies Annual by
Cover of the book Advances in Accounting Behavioral Research by
Cover of the book Commercial Diplomacy in International Entrepreneurship by
Cover of the book Innovation in Libraries and Information Services by
Cover of the book Sociology of Sport by
Cover of the book Paradoxes of the Democratization of Higher Education by
Cover of the book Inclusive Pedagogy Across the Curriculum by
Cover of the book Research on Preparing Inservice Teachers to Work Effectively with Emergent Bilinguals by
Cover of the book The Enlightened Leader by
Cover of the book Genetics, Health, and Society by
Cover of the book The Global Educational Policy Environment in the Fourth Industrial Revolution by
Cover of the book How Institutions Matter! by
Cover of the book Action Research for Sustainable Development in a Turbulent World by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy