Literaturnachweis - Detailanzeige
Autor/inn/en | Duffy, John; Jenkins, Brian C. |
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Titel | A Classroom Experiment in Monetary Policy |
Quelle | In: Journal of Economic Education, 50 (2019) 2, S.89-107 (20 Seiten)Infoseite zur Zeitschrift
PDF als Volltext |
Sprache | englisch |
Dokumenttyp | gedruckt; online; Zeitschriftenaufsatz |
ISSN | 0022-0485 |
DOI | 10.1080/00220485.2019.1583148 |
Schlagwörter | Economics Education; Experiments; Macroeconomics; Class Activities; Group Activities; Role Playing; Undergraduate Students; Computer Uses in Education; Discussion (Teaching Technique); Instructional Effectiveness; California (Irvine) |
Abstract | The authors propose a classroom experiment implementing a simple version of a New Keynesian model suitable for courses in intermediate macroeconomics and money and banking. Students play as either the central bank or members of the private sector. The central banker sets interest rates to meet twin objectives for inflation and the output gap or to meet only an inflation target. In both settings, private sector agents are concerned with correctly forecasting the inflation rate. The authors show that an experiment implementing this setup is feasible and yields results that enhance understanding of the New Keynesian model of monetary policy. They propose alternative versions where the central bank is replaced by a policy rule and provide suggestions for discussing the experimental results with students. (As Provided). |
Anmerkungen | Routledge. Available from: Taylor & Francis, Ltd. 530 Walnut Street Suite 850, Philadelphia, PA 19106. Tel: 800-354-1420; Tel: 215-625-8900; Fax: 215-207-0050; Web site: http://www.tandf.co.uk/journals |
Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
Update | 2020/1/01 |