Household Expectations and Dissent Among Policymakers

Last registered on June 06, 2023
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Pre-Trial

Trial Information

General Information

Title
Household Expectations and Dissent Among Policymakers
RCT ID
AEARCTR-0011517
Initial registration date
June 02, 2023

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
June 06, 2023, 4:18 PM EDT

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

Locations

Country
Germany
Region

Primary Investigator

Name
Moritz Grebe
Affiliation
Contact Primary Investigator

Other Primary Investigator(s)

PI Name
Peter Tillmann
PI Affiliation

Additional Trial Information

Status
Completed
Start date
2021-07-19
End date
2021-07-31
Keywords
Other
Additional Keywords
JEL code(s)
E52, E43, E32
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
We study the impact of dissent in the ECB’s Governing Council
on uncertainty surrounding households’ inflation expectations. We conduct a
randomized controlled trial using the Bundesbank Online Panel Households.
Participants are provided with alternative information treatments concern-
ing the vote in the Council, e.g. unanimity and dissent, and are asked to
submit inflation expectations.
External Link(s)

Registration Citation

Citation
Grebe, Moritz and Peter Tillmann. 2023. "Household Expectations and Dissent Among Policymakers." AEA RCT Registry. June 06. https://doi.org/10.1257/rct.11517-1.0
Sponsors & Partners
Experimental Details

Interventions

Intervention(s)
Intervention Start Date
2021-07-19
Intervention End Date
2021-07-31

Primary Outcomes

Primary Outcomes (end points)
Inflation expectations
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
We randomly assign participants to one of four groups: One control group and three treatment groups. The treatment groups are provided with different information about the vote in the ECB's Governing Council (unanimous decision, dissenting votes, unanomous decision despite different opinions). We measure expectations before and after treatments.
Experimental Design Details
Randomization Method
Randomization is done by the Bundesbank Online Panel – Households (BOP-HH)
Randomization Unit
individual
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
~3000 respondents over 4 groups
Sample size: planned number of observations
~3000 respondents
Sample size (or number of clusters) by treatment arms
~750 each group
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
Supporting Documents and Materials
IRB

Institutional Review Boards (IRBs)

IRB Name
IRB Approval Date
IRB Approval Number
Analysis Plan

Post-Trial

Post Trial Information

Study Withdrawal

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Intervention

Is the intervention completed?
Yes
Intervention Completion Date
July 31, 2021, 12:00 +00:00
Data Collection Complete
Yes
Data Collection Completion Date
Final Sample Size: Number of Clusters (Unit of Randomization)
Was attrition correlated with treatment status?
Final Sample Size: Total Number of Observations
Final Sample Size (or Number of Clusters) by Treatment Arms
Data Publication

Data Publication

Is public data available?
No

Program Files

Program Files
Reports, Papers & Other Materials

Relevant Paper(s)

Reports & Other Materials