Official institutions are maturing as big data users but there is plenty more work to be done.
Central bank will abide by international best practice and use statistical service estimates
Central Banking convened a panel of experts to discuss how central banks and other supervisors can maximise the potential of data, while overcoming hurdles to its collection and deployment
Big data is changing the way central banks think about the economy and oversee the financial system. In a forum sponsored by BearingPoint, Central Banking convened a panel of experts to discuss the innovative ways central banks are making use of big data.
With central banks becoming increasingly reliant on data, BearingPoint elaborates on the increasing role of innovative regulatory and supervisory technology in supervision.
As work in big data enters the mainstream for central banks, its policymaking and supervisory influence is expanding, prompting significant investment in new technologies.
Researchers analysed 15 million adverts over eight years to categorise jobs
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RBI paper examined Google Trends to study growth in the Indian housing market
The International Monetary Fund’s first-ever overarching strategy on data aims to spread big data expertise among fund members. Louis Marc Ducharme discusses the upcoming challenges.
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IMF’s chief statistician hails the move as an “important step forward”
Panellists offer advice on how to build the infrastructure for good data governance
Credit default swaps market has changed “markedly” since 2008, authors say
US jobs report shows large increase in jobs and further drop in unemployment
ONS says snow had limited impact on Q1 GDP, contradicting the BoE’s account
Data covers 190 countries and a wide range of instruments
Regional Fed chief says more needs to be done to understand machine learning
Database is the first global source of information on macro-prudential institutions
Initial data releases tend to be revised upwards, the authors find
Deductive and inductive approaches “need to share a broadly equal billing”, BoE chief economist says
Rapid growth in credit to emerging markets echoed by broader rises in global liquidity