Modern central banks need big data strategy, Riksbank economists say

Cecilia Skingsley
Cecilia Skingsley. Photo: Riksbank

Central banks should develop an "information strategy" to cope with and harness ever-growing volumes of data, according to a group of economists at Sveriges Riksbank.

"A modern central bank needs an information strategy", say deputy governor Cecilia Skingsley; head of statistics Jyry Hokkanen; and economists Tor Jacobson and Markus Tibblin in an economic commentary. Data is an asset that requires an "overarching strategy" for how it should be gathered, processed, stored and distributed, they

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