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...

Traditionell werden Prognosen über den Ausgang von politischen Wahlen aus Befragungsdaten gewonnen. Seit etwas mehr als einem Jahrzehnt beschäftigen sich auch Ökonomen vermehrt mit der Frage, wie eine gute Wahlprognose gewonnen werden kann. Als Instrument hierzu wurde die politische...

We report and analyze the results of a series of classroom experiments on the voluntary provision of public goods. Using fixed effect panel regression models we find that cooperation significantly increases when participants are forced to guess the degree of overall cooperation. We also find...

This note focuses on the role of the planning horizon in monetary policy games. We analyze the case of an uncertain horizon of the monetary policy game that has not been considered, yet. In addition to that we will - different from the basic Barro-Gordon-model - assume a quadratic loss function...