Monetary Policy Communications and their Effects on Household Inflation Expectations

Last registered on December 06, 2018

Pre-Trial

Trial Information

General Information

Title
Monetary Policy Communications and their Effects on Household Inflation Expectations
RCT ID
AEARCTR-0003649
Initial registration date
December 05, 2018
Last updated
December 06, 2018, 8:37 AM EST

Locations

Region

Primary Investigator

Affiliation
University of Texas at Austin

Other Primary Investigator(s)

PI Affiliation
University of Chicago
PI Affiliation
University of California at Berkeley

Additional Trial Information

Status
On going
Start date
2018-04-30
End date
2019-01-31
Secondary IDs
Abstract
We study how different forms of communication can influence inflation expectations of individuals in a randomized controlled trial. We first solicit individuals’ distribution of inflation expectations and provide eight different forms of information regarding inflation. We then study how these different types of information affect the beliefs of individuals over time relative to those in control groups that either receive no information or irrelevant information.
External Link(s)

Registration Citation

Citation
Coibion, Olivier, and . 2018. "Monetary Policy Communications and their Effects on Household Inflation Expectations." AEA RCT Registry. December 06. https://doi.org/10.1257/rct.3649-1.0
Former Citation
Coibion, Olivier et al. 2018. "Monetary Policy Communications and their Effects on Household Inflation Expectations." AEA RCT Registry. December 06. https://www.socialscienceregistry.org/trials/3649/history/38448
Experimental Details

Interventions

Intervention(s)
Intervention Start Date
2018-04-30
Intervention End Date
2018-06-30

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 study how different forms of communication can influence inflation expectations of individuals in a randomized controlled trial. We first solicit individuals’ distribution of inflation expectations and provide eight different forms of information regarding inflation. We then study how these different types of information affect the beliefs of individuals over time relative to those in control groups that either receive no information or irrelevant information.
Experimental Design Details
Randomization Method
Randomization done by private contracting firm that implements survey.
Randomization Unit
individual.
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
no clusters
Sample size: planned number of observations
20,000 individuals
Sample size (or number of clusters) by treatment arms
2200 individuals per treatment group
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
IRB

Institutional Review Boards (IRBs)

IRB Name
IRB Approval Date
IRB Approval Number

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