A Silent Revolution: How Central Bank Statistics Have Changed in the Last 25 Years

43 Pages Posted: 13 Oct 2020

Date Written: September 29, 2020

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. We then focus on the most significant developments brought up by the financial crisis and by the institutional changes that accompanied it. The final part look at challenges lying ahead for official statistics, namely how to deal with digitalization and globalization.

Keywords: central bank statistics, data harmonisation

JEL Classification: C82, E59

Suggested Citation

De Bonis, Riccardo and Piazza, GianMatteo, A Silent Revolution: How Central Bank Statistics Have Changed in the Last 25 Years (September 29, 2020). Bank of Italy Occasional Paper No. 579, Available at SSRN: https://ssrn.com/abstract=3710143 or http://dx.doi.org/10.2139/ssrn.3710143

Riccardo De Bonis

Bank of Italy ( email )

Via Nazionale 91
00184 Roma
Italy

GianMatteo Piazza (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

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