asked to forecast future values of inflation for a fictitious economy after receiving charts and lists of past values of … participants barely report rational forecasts. Instead, simple backward-looking rules describe stated forecast series. Forecasting … Vorhersage bezahlt werden. Nach jeder Prognose erhalten sie ein Feedback. Während der Vorhersageperioden erfahren die Probanden …

policy. The article focuses on inflation forecast targeting (IFT) at the Czech National Bank (CNB) in terms of its efficiency … IFT implementation. Finally the existence of the interdependences of inflation forecast, optimal policy paths and … inflation expectations are analyzed. Credibility of the central bank, accuracy of the forecast and decision-making procedures …