BIS · time-series foundation models

Inflation, the way you imagine it.

Draw your own oil-price shocks and watch euro-area and US inflation respond — forecast live by BISTRO, the BIS fine-tune of the MOIRAI foundation model, running on your GPU.

Launch the forecaster → How it works
Euro area · live

HICP × Oil shock fan

Germany, France & Italy inflation under a fan of Brent oil shocks — BISTRO vs MOIRAI, side by side.

Open studio →
United States · live

CPI what-if explorer

Unconditional CPI, oil-shock fans, a custom oil-ramp what-if, policy-rate cases and any FRED series — all native.

Open studio →

Forecast studio

Pick an exercise, set the controls, and run. Forecasts stream back in seconds on your GPU.

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Your forecast will appear here

Adjust the controls and hit Run forecast. The first run for each configuration loads the model checkpoints (~10–30 s); after that it’s a few seconds.

How it works

1 · Foundation models

MOIRAI is an open-source time-series foundation model; BISTRO is the BIS fine-tune that responds more strongly to macro covariates like oil.

2 · Conditioning on oil

Your shocks rewrite the Brent path over the forecast horizon. The model produces a fan of inflation paths — one per shock — with 5–95% uncertainty bands.

3 · Data

Euro-area HICP (DE/FR/IT) + daily Brent from FRED, monthly back to the 1990s.

4 · Caveats

BISTRO is fine-tuned on US-centric data — euro-area use is a transfer illustration, not a calibrated forecast. Unprecedented shocks are extrapolation.