Review
Heterogeneity in the Formation of Inflation Expectations: Evidence from Micro Data
Olena Kostyshyna, Isabelle Salle, HungTruong
· 0 citations
2 papers indexed here
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Open access
Sep 2026
History-dependent monetary policy: a lab experiment and a HENK model
Price-level targeting (PLT) is theoretically optimal under the full information rational expectations (FIRE) benchmark but has not been implemented in practice. We use a laboratory experiment to collect data on expectations, inflation and output dynamics under a traditional inflation targeting (IT) framework and a PL...
Jasmina Arifovic, Isabelle Salle, Hung Truong
· Experimental Economics · 1 citation