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Recent Developments in Experimental Macroeconomics

Luba Petersen, Robert Amano and Oleksiy Kryvtsov

Discussion Papers from Department of Economics, Simon Fraser University

Abstract: 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.

Keywords: Inflation and prices; Monetary policy framework (search for similar items in EconPapers)
JEL-codes: C C9 E E3 E31 E5 E52 (search for similar items in EconPapers)
Pages: 12
Date: 2014-09
New Economics Papers: this item is included in nep-exp and nep-mac
References: Add references at CitEc
Citations: View citations in EconPapers (10)

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