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Central Bank Communication and House Price Expectations

Last registered on September 08, 2022

Pre-Trial

Trial Information

General Information

Title
Central Bank Communication and House Price Expectations
RCT ID
AEARCTR-0010024
Initial registration date
September 04, 2022

Initial registration date is when the trial was registered.

It corresponds to when the registration was submitted to the Registry to be reviewed for publication.

First published
September 08, 2022, 11:29 AM EDT

First published corresponds to when the trial was first made public on the Registry after being reviewed.

Locations

Region

Primary Investigator

Affiliation

Other Primary Investigator(s)

Additional Trial Information

Status
Completed
Start date
2022-02-21
End date
2022-02-22
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
This study analyses how US consumers form the expectation of house prices and respond to communication of interest rate hikes.
External Link(s)

Registration Citation

Citation
Kuang, Pei. 2022. "Central Bank Communication and House Price Expectations." AEA RCT Registry. September 08. https://doi.org/10.1257/rct.10024-1.0
Experimental Details

Interventions

Intervention(s)
Intervention Start Date
2022-02-21
Intervention End Date
2022-02-22

Primary Outcomes

Primary Outcomes (end points)
House price forecasts
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
Communication of current policy rates, interest rate hikes and explanation of the mortgage rate channel.
Experimental Design Details
Randomization Method
Randomisation by a computer
Randomization Unit
individual
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
0
Sample size: planned number of observations
3000 adults
Sample size (or number of clusters) by treatment arms
700
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
IRB

Institutional Review Boards (IRBs)

IRB Name
University of Birmingham
IRB Approval Date
Details not available
IRB Approval Number
Details not available

Post-Trial

Post Trial Information

Study Withdrawal

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Intervention

Is the intervention completed?
No
Data Collection Complete
Data Publication

Data Publication

Is public data available?
No

Program Files

Program Files
Reports, Papers & Other Materials

Relevant Paper(s)

Reports & Other Materials