AEA RCT Registry

Trial Information

General Information

Title

Expectations and monetary policy

RCT ID

AEARCTR-0009172

Initial registration date

March 30, 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

March 31, 2022, 3:25 PM EDT

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

Last updated

December 19, 2023, 11:21 PM EST

Last updated is the most recent time when changes to the trial's registration were published.

Locations

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Primary Investigator

Name

Edward Knotek

Affiliation

Contact Primary Investigator

Other Primary Investigator(s)

Additional Trial Information

Status

On going

Start date

2022-03-03

End date

2024-06-30

Keywords

Other

Additional Keywords

JEL code(s)

Secondary IDs

Prior work

This trial does not extend or rely on any prior RCTs.

Abstract

We study the effects that monetary policy has on consumers' expectations.

External Link(s)

Registration Citation

Citation

Knotek , Edward. 2023. "Expectations and monetary policy." AEA RCT Registry. December 19. https://doi.org/10.1257/rct.9172-2.0

Sponsors & Partners

Experimental Details

Interventions

Intervention(s)

Descriptions of outcomes from meetings of the Federal Open Market Committee; a placebo

Intervention Start Date

2022-03-17

Intervention End Date

2022-10-26

Primary Outcomes

Primary Outcomes (end points)

Expectations for macroeconomic variables (inflation, GDP) and household variables (personal income)

Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)

Secondary Outcomes (explanation)

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

1200 individuals per treatment/control

Minimum detectable effect size for main outcomes (accounting for sample design and clustering)

Supporting Documents and Materials

IRB

Institutional Review Boards (IRBs)

IRB Name

Advarra IRB

IRB Approval Date