Data
Google data can underpin eurozone GDP nowcasts – Banque de France paper
Researchers say method is particularly useful when official data is unavailable
‘Does the Fed know more about the economy?’ asks San Francisco Fed
Researcher compares Fed and private sector growth forecasts
US wage growth ‘possibly double’ what is reported – Dallas Fed
Researchers use dataset that includes those who move house to calculate wage growth
Big data should help solve problems ‘on the ground’ – Ireland’s Kearns
Central banks need to do more than simply invest in technology and analytics, says Kearns
MAS uses machine learning to spot market manipulation
Apollo tool uses data based on past misconduct cases to spot suspicious patterns
Sveriges Riksbank uses website analytics to improve visitor experience
Visitors spend more time on and engage with more areas of website, Riksbank official tells Central Banking
Apra signs deal on new data platform
Vizor will provide the software and Dimension Data will implement the system
Fed launches database on household wealth distribution
Database designed to help policy-makers understand the impact of their decisions on patterns of inequality
Uganda’s Tumusiime-Mutebile raises concerns about growth
African country’s growth momentum looks set to stall as global uncertainty weighs on economy
RBI using suptech to oversee rapidly growing fintech sector – Das
Supervisors need to undertake “accelerated off-site surveillance”, governor says
Philippines launches inclusion initiative in memory of Espenilla
Late governor honoured in new initiative to help those underserved by financial industry
RBNZ paper seeks high-speed labour market indicator
“Midas” approach can help build picture of current state of labour markets, say economists
IMF puts new macro-prudential database to work
Fund uses new data to test effectiveness of LTV ratios
UK statistics body to launch high-speed indicators
Big data approach should allow faster estimates of economic activity, ONS says
BIS to launch ‘innovation hub’ – Carstens
New medium-term strategy focuses on technology and other innovations
Book notes: Finance and philosophy, by Alex J Pollock
A readable and useful book that provides much food for thought, and should be read widely by economists and policy-makers
Researchers estimate two alternatives to DSGE model at ZLB
Dallas Fed paper finds piecewise linear version of the model is an “excellent substitute”
Technology in reserve management: Outlook for 2019
Reserve managers look to cloud for solutions, but security issues remain
Time running out for Brexit data compliance, Bailey warns
FCA head also highlights shortfall on Mifid trading venue equivalence
BoE economists build news-based growth indicator
Newspaper articles can be boiled down to a useful early indicator of economic activity, they say
Book notes: Where economics went wrong, by David Colander and Craig Freedman
Chicago economics’ gladiatorial debating style has cost the discipline dearly, the authors argue
Barbados central bank comes under fire over tourism data
Minister says he has “no idea” where the governor got his information
GDP needs to be supplemented with welfare measure – economist
Daniel Sichel defends GDP as a measure of production, but says it is not enough on its own
The answers to the 2018 Central Banking Christmas quiz
We reveal the answers to the Christmas quiz, and the winner