inflation expectations in real time. In a large-scale, multi-wave randomized controlled trial (RCT), we find weak evidence that … communicating these policy changes lowers consumers medium-term inflation expectations on average. However, information differs … inflationary environment, these consumers expect that raising interest rates will lower inflation. More generally, our results …

In this paper, we analyse how financial market analysts' expectations in the Czech National Bank's Financial Market … Inflation Expectations survey perform relative to the random-walk forecast when it comes to predicting five financial variables …