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Technische Universität Dresden >
Fakultät Wirtschaftswissenschaften, Technische Universität Dresden >
Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden >
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http://hdl.handle.net/10419/48132
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| Title: | | Forecasting inflation via electronic markets: Results from a prototype market  |
| Authors: | | Berlemann, Michael |
| Issue Date: | | 2001 |
| Series/Report no.: | | Dresden discussion paper in economics 06/01 |
| Abstract: | | Forecasts of macroeconomic variables as the inflation rate serve as important guidelines for the private as well as the public sector. At least central banks that adopted an inflation targeting regime are in urgent need of high quality inflation forecasts. Accurate inflation forecasts are also needed within private sector wage negotiations. In this paper we present a new method to predict future inflation via conducting electronic markets. We show at the example of a prototype market how the market data of such an experimental market can be used to generate predictions of the future inflation rate. We also show that the market data provide important evidence on the distribution of inflation expectations. |
| Subjects: | | Inflation Forcasting Inflation Targeting Electronic Markets |
| JEL: | | C93 E37 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden
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