Antal, Juraj; Hlaváèek, Michal; Horváth, Roman - In: Czech Journal of Economics and Finance (Finance a uver) 58 (2008) 09-10, pp. 434-453
This paper is primarily concerned with assessing the bias of the CNB’s predictions in relation to undershooting of the inflation target. We conclude that the inflation prediction error has decreased over time. We further point out that GDP growth and interest rates were, respectively, above...