• The Bias and Efficiency of the ECB Inflation Projections: a State Dependent Analysis 

      Granziera, Eleonora; Jalasjoki, Pirkka; Palovita, Maritta (Working Paper;1/2021, Working paper, 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, ...