ElasticSearch Score: 158.4031
ElasticSearch Score: 64.22494
June 25, 2019
Macroeconomic theories have traditionally been tested using non‐experimental data from the field. However, modern, micro‐based macroeconomic models can also be tested in the laboratory, which affords better causal inference, and researchers have begun to pursue such experimental tests.
ElasticSearch Score: 59.470932
September 13, 2018
Workshop held on September 13 and 14, 2018.
ElasticSearch Score: 56.86498
November 8, 2021
Conference held on November 8 to 10, 2021.
ElasticSearch Score: 54.051544
We use controlled laboratory experiments to test the causal effects of central bank communication on economic expectations and to distinguish the underlying mechanisms of those effects. In an experiment where subjects learn to forecast economic variables, we find that central bank communication has a stabilizing effect on individual and aggregate outcomes and that the size of the effect varies with the type of communication.
ElasticSearch Score: 52.528946
November 13, 2014
This article describes experimental economics, in general, and new developments in experimental macroeconomics, in particular. The approach has a clear niche in providing evidence on economic phenomena that cannot be observed directly or that are difficult to measure. Experimental work conducted by Bank of Canada economists has shed light on a number of issues important to monetary policy, such as the relative efficacy between price-level and inflation targeting, and the nature of inflation expectations formation.
ElasticSearch Score: 49.04754
November 30, 2013
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.
ElasticSearch Score: 46.986275
July 31, 2022
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.
ElasticSearch Score: 40.90492
January 31, 2023
Starting this year, we will be using the January issue of our newsletter to look back at our research activities over the past year and to celebrate the achievements of our colleagues.
ElasticSearch Score: 33.385624
The effectiveness of monetary policy depends, to a large extent, on market expectations of its future actions. In a standard New Keynesian business-cycle model with rational expectations, systematic monetary policy reduces the variance of inflation and the output gap by at least two-thirds.