期刊名称：Dresden Discussion Paper Series in Economics / Dresden University of Technology, Faculty of Business Management and Economics
印刷版ISSN：0945-4829
出版年度：2001
卷号：1
出版社：Dresden
摘要：Forecasts of macroeconomic variables as the inflation rate serve as impor-
tant 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 distribu-
tion of inflation expectations.
