Monetary policy and Expectations

Last registered on September 26, 2024

Pre-Trial

Trial Information

General Information

Title
Monetary policy and Expectations
RCT ID
AEARCTR-0014400
Initial registration date
September 19, 2024

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 26, 2024, 12:21 PM EDT

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

Locations

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Primary Investigator

Affiliation
IADB

Other Primary Investigator(s)

PI Affiliation
Federal Reserve Bank of Cleveland
PI Affiliation
Federal Reserve Bank of Cleveland
PI Affiliation
Federal Reserve Bank of Cleveland

Additional Trial Information

Status
On going
Start date
2024-09-09
End date
2025-10-31
Secondary IDs
Prior work
This trial is based on or builds upon one or more prior RCTs.
Abstract
We study the effects that monetary policy has on consumers' expectations.
External Link(s)

Registration Citation

Citation
Knotek, Edward et al. 2024. "Monetary policy and Expectations." AEA RCT Registry. September 26. https://doi.org/10.1257/rct.14400-1.0
Experimental Details

Interventions

Intervention(s)
Descriptions of outcomes from meetings of the Federal Open Market Committee; a placebo
Intervention Start Date
2024-09-19
Intervention End Date
2025-09-30

Primary Outcomes

Primary Outcomes (end points)
Expectations for macroeconomic variables (inflation, GDP) and household variables (personal income)
Primary Outcomes (explanation)
Expectations about inflation and GDP and their expectations about their income and purchasing intentions.

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
How information on monetary policy affects expectations
Experimental Design Details
Not available
Randomization Method
Randomization done by computer
Randomization Unit
Randomization over individual survey respondents
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
6000 individuals
Sample size: planned number of observations
6000 individuals
Sample size (or number of clusters) by treatment arms
1500 individuals per treatment/control
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
IRB

Institutional Review Boards (IRBs)