2018-10-22 :: Autumn Seminars in Official Statistics :: Nothing is more important for monetary policy than good statistics
[When]: 10-22-2018 :: 10-23-2018 :: 10-25-2018
[Where]: Room 34, 4th floor, Dipartimento di Scienze Statistiche (CU002 Building). Main Campus
[Speaker]: Aurel Schubert, Vienna University of Economics and Business
[Series]: Autumn Seminars in Official Statistics
[Title]: "Nothing is more important for monetary policy than good statistics - Statistics for the European Monetary Union" [3 lectures]
Summary: It is the goal of this course to give students an overview about the role, elements, organization and production of statistics for the European Monetary Union in the European System of Central Banks. Next to the development and the status quo, also the coming new data projects and strategic orientations for the future will be addressed. The cooperation and complementarity with the European Statistical System (ESS) will also be discussed. Finally, in a workshop, the current situation and development of non-performing loans in the European and the Italian banking system will be analyzed and debated.
Aurel Schubert, 2010-2018 Director General Statistics, European Central Bank (ECB); 1997-2010 Director of Statistics, Oesterreichische Nationalbank; lecturer at Vienna University of Economics and Business.
Opening: Maurizio Vichi, Head of the Department of Statistical Sciences.
Monday 22 October 2018
Aula 14b: 8:45 – 10:30
Lecture 1: Introduction to the ESCB and its statistical function. Evidence based policy making in the ESCB. The many users of ESCB statistics. What kind of statistics are needed and produced for monetary policy in the EMU? Monetary statistics, securities statistics, balance of payments statistics, financial accounts, payments systems statistics.
Tuesday, 23 October 2018
Aula 13: 15:00 – 17:00
Lecture 2: Data quality in the ESCB as the product of a strong legal basis, a decentralised organization and a strong cooperation by the ECB in the statistical production processes.
Addressing the heterogeneity of the Euroarea by focusing on granular (“micro”) data (in addition to the aggregate statistics). Which granular data is the ESCB developing for policy purposes?
Thursday, 25 October 2018
Aula 13: 15:00 – 17:00
Lecture 3: Linking different micro, and micro and macro data bases. The crucial role and important initiatives towards of standardization. Central banks and Big Data. Data as a public good – dissemination and access. ”No good supervision without good data” – Macro prudential and supervisory statistics.