Bank of Canada paper tests ‘inflation tax’ in lab experiment

Experimental design could be used to test other aspects of monetary policy, researchers say

Bank of Canada
The Bank of Canada
Photo: Shutterstock

Research published by the Bank of Canada outlines the results of a laboratory experiment designed to test aspects of monetary theory, notably the existence of an “inflation tax”.

Authors Janet Hua Jiang, Daniela Puzzello and Cathy Zhang carried out the experiments in 2018 and 2019, using undergraduates as their test subjects. Participants were paid $5 to take part in the experiment, plus any earnings from a “market game”. Average earnings were $25.67 in an experiment that lasted roughly two

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.