Haku
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The bias and efficiency of the ECB inflation projections: a State dependent analysis
(29.04.2021)
Bank of Finland Research Discussion Papers 7/2021
Bank of Finland Research Discussion Papers 7/2021
We test for bias and efficiency of the ECB inflation forecasts using a confidential dataset of ECB macroeconomic quarterly projections. We investigate whether the properties of the forecasts depend on the level of inflation, ...
Inflation dynamics and forecast : frequency matters
(08.06.2021)
Bank of Finland Research Discussion Papers 8/2021
Bank of Finland Research Discussion Papers 8/2021
Policymakers and researchers see inflation characterized by cyclical fluctuations driven by changes in resource utilization and temporary shocks, around a trend influenced by inflation expectations. We study the in-sample ...