00000nam 2200000zi 4500 9.920353 CaOODSP 20230222101259 m o d f cr |n||||||||| 230222t20232023oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-5/2023-11E-PDF Jiang, Janet Hua, author. Inflation, output, and welfare in the laboratory / by Janet Hua Jiang, Daniela Puzzello and Cathy Zhang. [Ottawa] : Bank of Canada = Banque du Canada, 2023. ©2023 1 online resource (ii, 53 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2023-11 "Last updated: February 13, 2023." Includes bibliographical references (pages 28-33). "We develop an experimental framework to investigate the quantity theory of money and the real effects of inflation in an economy where money serves as a medium of exchange. We test the classical view that inflation reduces output and welfare by taxing monetary exchange. Inflation is engineered by constant money growth. We conduct three treatments, where the newly issued money is used to finance government spending, lump-sum transfers, and proportional transfers, respectively"--Abstract. Includes abstract in French. Inflation (Finance) Canada. Monetary policy Canada. Inflation Canada. Politique monétaire Canada. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2023-11. (CaOODSP)9.806221 PDF 1.62 MB https://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-5-2023-11-eng.pdf