Stepan Mazur is an Associate Professor in Statistics at the School of Business, Örebro University, Sweden. He holds a PhD in Economics from European University Viadrina Frankfurt (Oder) and previously worked as a PostDoc at Lund University and Aarhus University. He has also been a Visiting Assistant Professor in Statistics at Linnaeus University. His research focuses on multivariate statistics with applications in macro- and financial economics. Pär Österholm is a Professor of Economics at the School of Business, Örebro University, Sweden. He holds a PhD in Economics from Uppsala University and previously was a Division Head at the National Institute of Economic Research. He has also been a Visiting Researcher at the Board of Governors of the Federal Reserve System and the International Monetary Fund, a Senior Economist at Sveriges Riksbank and the National Institute of Economic Research, and a member of the Swedish Fiscal Policy Council. His research interests include macro-finance, forecasting and monetary policy.