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A silent revolution. How central bank statistics have changed in the last 25 years

Author

Listed:
  • Riccardo De Bonis

    (Bank of Italy)

  • Matteo Piazza

    (Bank of Italy)

Abstract
This work provides a comprehensive overview of the giant leap made by European central bank statistics over the last quarter century. We illustrate, first, the work that led to a brand-new set of central bank statistics for the implementation of the common monetary policy in the euro area and the underlying rationales. We then focus on the most significant developments brought up by the global financial crisis and by the institutional changes that accompanied it. The final part looks at challenges lying ahead for official statistics, namely, how to deal with digitalization and globalization, and how to obtain better data on income and wealth distribution.

Suggested Citation

  • Riccardo De Bonis & Matteo Piazza, 2021. "A silent revolution. How central bank statistics have changed in the last 25 years," PSL Quarterly Review, Economia civile, vol. 74(299), pages 347-371.
    • Handle: RePEc:psl:pslqrr:2021:45
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    File URL: https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/17670/16777
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    1. Massimo Casa & Marco Carnevali & Silvia Giacinti & Roberto Sabatini, 2022. "PUMA cooperation between the Bank of Italy and the intermediaries for the production of statistical, supervisory and resolution reporting," Questioni di Economia e Finanza (Occasional Papers) 734, Bank of Italy, Economic Research and International Relations Area.

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    More about this item

    Keywords

    statistics; Central bank; euro area; global financial crisis; G-20 Data Gaps Initiative; digitalization; globalization;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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