. Inthis paper, we analyze the statistical properties of the inflation risk assessments that have been published by the Bank … ante risk assessments and the ex post forecast errors at horizons from zero to eight quarters. These results illustrate the …

risk forecasts of the Bank of England and the Sveriges Riksbank, however, we do not find conclusive evidence for … informativeness, that is, for a systematic connection between risk assessments and forecast errors. Thus, it seems questionable … whether macroeconomic risk forecasts are meaningful …