Research funding from the Deutsche Bundesbank

During the following two years, the Deutsche Bundesbank will support the performance of the project “Die Rolle verhaltensbasierter Erwartungsbildung in der Transmission von Geld- und Fiskalpolitik:  Evidenz von Makroexperimenten”. The project will be conducted by Prof. Dr. Christian Proaño and Dr. Lustenhouwer.

In this project, two macroexperiments will be carried out to investigate how economic agents' expectations affect monetary and fiscal policies in normal periods and in periods when the zero lower bound (ZLB) plays an important role.