We have refined our inflation forecasting methodology by incorporating new techniques and are delving deep into the granularity of inflation projections. We have augmented our baseline quarterly projection model (QPM) with satellite models. We are also exploring techniques spanning new and diverse fields such as data science (DS), machine learning (ML) and night-time luminosity. 7.
But we will go nowhere unless we catch that wind,” as President Juncker said in his 2017 State of the Union address. We can use the current good times to make our economies more resilient. This means building fiscal buffers and implementing further economic reforms to strengthen the foundations of our Economic and Monetary Union.