Daniela Puzzello - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T00:21:36+00:00Is Money Essential? An Experimental Approach
https://www.bankofcanada.ca/2023/07/staff-working-paper-2023-39/
Monetary theory says that money is essential if it helps to achieve better incentive-feasible outcomes. We test this in the laboratory.2023-07-28T14:43:21+00:00enIs Money Essential? An Experimental Approach2023-07-28Central bank researchEconomic modelsStaff Working Paper 2023-39https://www.bankofcanada.ca/wp-content/uploads/2023/07/swp2023-39.pdfStaff Working Paper 2023-39Janet Hua JiangPeter NormanDaniela PuzzelloBruno SultanumRandall WrightJuly 2023CC9C92EE4E5Inflation, Output, and Welfare in the Laboratory
https://www.bankofcanada.ca/2023/02/staff-working-paper-2023-11/
We investigate the effect of inflation on output and welfare in the laboratory. Consistent with monetary theory, we find that inflation acts as a tax on monetary exchange and reduces output and welfare.2023-02-13T10:42:09+00:00enInflation, Output, and Welfare in the Laboratory2023-02-13Inflation and pricesInflation: costs and benefitsMonetary policyStaff Working Paper 2023-11https://www.bankofcanada.ca/wp-content/uploads/2023/02/swp2023-11.pdfStaff Working Paper 2023-11Janet Hua JiangDaniela PuzzelloCathy ZhangFebruary 2023CC9C92DD8D83EE4E40How 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