A Horse Race of Monetary Policy Regimes: An Experimental Investigation

We have benefited from useful discussions with Herbert Dawid, Chris Gibbs, Seppo Honkapohja, Cars Hommes, Oleksiy Kryvtsov, Chen Lian, Tomasz Makarewicz, Rhys Mendes, Athanasios Orphanides, Isabelle Salle, Jón Steinsson, Alexander Ueberfeld, Joel Wagner, and Yang Zhang as well as seminar and conference participants at the Bank of Canada, Bielefeld University, C.D. Howe Institute, Florida State University, University College Dublin, University of California Berkeley, the Max Bell School of Public Policy Workshop on the Bank of Canada's Inflation Target Renewal, the 27th International Conference of the Society for Computational Economics, the 11th Workshop on Theoretical and Experimental Macroeconomics, and the Third Behavioral Macroeconomics Workshop at the University of Bamberg. Finally, we thank Ekeme Afia, Michael Mirdamadi, Fatemeh Mokhtarzadeh, and Ryan Rholes for outstanding research assistance and Justin Baize for excellent programming support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. The financial support for this project was provided by the Bank of Canada. The views expressed herein are those of the authors and do not necessarily reflect the views of the Bank of Canada.

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