4 And regulators can use market prices and changes in funding mix, among other information, to evaluate whether firms are being evaluated independent of government backing. The stress tests led by the Federal Reserve in early 2009 were testament to the need for improved public information about firms’ financial position.
2 For an evaluation of past Eurosystem forecasts, see ECB (2013), “An assessment of Eurosystem staff  macroeconomic projections”, Monthly Bulletin, May. 3 See e.g. Draghi, M. (2014), “Monetary policy in a prolonged period of low inflation”, speech at the ECB Forum on  Central Banking, Sintra, 26 May. 4 See Greenspan, A.