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008230222t20232023oncd    ob   f|0| 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
041 |aeng|beng|bfre
043 |an-cn---
0861 |aFB3-5/2023-11E-PDF
1001 |aJiang, Janet Hua, |eauthor.
24510|aInflation, output, and welfare in the laboratory / |cby Janet Hua Jiang, Daniela Puzzello and Cathy Zhang.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2023.
264 4|c©2023
300 |a1 online resource (ii, 53 pages) : |bcharts.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2023-11
500 |a"Last updated: February 13, 2023."
504 |aIncludes bibliographical references (pages 28-33).
520 |a"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.
546 |aIncludes abstract in French.
650 0|aInflation (Finance)|zCanada.
650 0|aMonetary policy|zCanada.
650 6|aInflation|zCanada.
650 6|aPolitique monétaire|zCanada.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|v2023-11.|w(CaOODSP)9.806221
85640|qPDF|s1.62 MB|uhttps://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-5-2023-11-eng.pdf