Devising effective data strategies to help inform policy decisions

Aurel Schubert, director-general, data department, European Central Bank

Since the global financial crisis began in 2007, European Central Bank (ECB) statisticians have worked hard to fulfil the increasing number of data requests needed to analyse and monitor ongoing developments in the financial markets.

In a November 2014 article, published in Central Banking journal, “the ECB’s approach to central banking without data borders” – the information dilemma faced by statisticians at the central bank – was identified;1 namely, the problem of how to provide an increasing

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