In an experimental setting impulse-response behaviour in intuitive inflation forecasting is analysed. Participants were … asked to forecast future values of inflation for a fictitious economy after receiving charts and lists of past values of … inflation and output gap. Thirty periods were forecasted stepwise and feedback on performance was provided after each period. In …

inflation in the laboratory. We find that inflation targeting produces lower uncertainty and higher accuracy of interval … forecasts than inflation forecast targeting. We also establish several stylized facts about the behavior of individual … interval is the measure that performs best in forecasting inflation uncertainty. Subjects correctly perceive the underlying …

Establishing the external validity of experimental inflation forecasts is essential if laboratory experiments are to be … used as decision-making tools for monetary policy. Our contribution is to document whether different measures of inflation … information, suggesting the presence of some form of bounded rationality or information imperfections. Finally, lagged inflation …

when forecasting inflation in the laboratory. Subjects correctly perceive the underlying inflation uncertainty in only 60 … intervals on average, thus perceiving higher uncertainty with respect to inflation increases. In different treatments we study … the influence of different monetary policy designs on the formation of confidence bounds. Inflation targeting produces …