C92 - Laboratory, Group Behavior - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T08:20:37+00:00What to Target? Insights from a Lab Experiment
https://www.bankofcanada.ca/2021/10/staff-working-paper-2021-53/
In a laboratory experiment, we ask participants to predict inflation using three different policy regimes: inflation targeting—with and without greater communication of the target—average inflation targeting and price level targeting. We use participants’ predictions to compare the level and stability of inflation under each regime.2021-10-28T11:10:52+00:00enWhat to Target? Insights from a Lab Experiment2021-10-28Inflation targetsMonetary policy communicationsMonetary policy frameworkStaff Working Paper 2021-53https://www.bankofcanada.ca/wp-content/uploads/2021/10/swp2021-53.pdfStaff Working Paper 2021-53Isabelle SalleOctober 2021CC9C92EE3E31E5E52E7How Long is Forever in the Laboratory? Three Implementations of an Infinite-Horizon Monetary Economy
https://www.bankofcanada.ca/2021/04/staff-working-paper-2021-16/
Standard monetary models adopt an infinite horizon with discounting. Testing these models in the lab requires implementing this horizon within a limited time frame. We compare three approaches to such an implementation and discuss their relative advantages.2021-04-05T07:50:27+00:00enHow Long is Forever in the Laboratory? Three Implementations of an Infinite-Horizon Monetary Economy2021-04-05Central bank researchEconomic modelsInflation and pricesStaff Working Paper 2021-16https://www.bankofcanada.ca/wp-content/uploads/2021/04/swp2021-16.pdfHow Long is Forever in the Laboratory? Three Implementations of an Infinite-Horizon Monetary EconomyJanet Hua JiangDaniela PuzzelloCathy ZhangApril 2021CC9C92DD8D83EE4E40