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The International Monetary Fund held the Third IMF Statistical Forum on Statistics for Official Statistics to Support Evidence-based Economic Policymaking in Frankfurt, Germany on November 19–20, 2015.
This year's forum and discussions touched upon themes such as the relevance of micro data for evidence-based policymaking; big data and micro-data hubs; statistics on a from-whom-to-whom basis; macroeconomic impacts of natural resources; and measuring material conditions. The Third IMF Statistical Forum was co-organized by the Deutsche Bundesbank in Frankfurt am Main.
Program
November 19, 2015 |
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| 9:00 a.m. | Welcome Remarks |
| 9:15 a.m. | Introduction |
| 9:30 a.m. | Keynote Speech |
| 11:00 a.m. | Session I: |
| 1:30 p.m. | Lunchtime Presentation: Data Science for Official StatisticsGranular data have been hailed as the "new oil" of the 21st century, with clear benefits to policy, society and public opinion research.This talk provides an overview of the way in which new data and new approaches have been used to measure a key area of the economy - R&D and innovation. It discusses the associated opportunities, challenges and lessons learned. Julia Lane, Professor at Wagner Graduate School of Public Service, New York University, United States |
| 2:00 p.m. | Session II |
| 4:00 p.m. | Session III: Statistics on a from-whom-to-whom BasisThe 2008 global financial crisis highlighted the need to better identify the build-up of risks in the financial sector and to understand financial interrelations among the sectors of an economy and between domestic sectors and their counterparties in the rest of the world. Statistics on a from-whom- to-whom basis permit the analysis of relationships between systemically relevant institutional sectors and subsectors within an economy and also between these sectors and subsectors and non-residents. Trade and production statistics can also be set up on a "from-whom-to-whom" basis, illustrating the generation of value added as a result of international exchange of products and services in a network of labor partition among companies. Speakers: Markus Brunnermeier ,Edwards S. Sanford Professor at Princeton University, Director Bendheim Center for Finance, United States Presentation by Markus Brunnermeier Aurel Schubert , Director General, Directorate General Statistics, ECB Presentation by Aurel Schubert Discussants: Katherine Hennings, Senior Advisor, Banco Central do Brasil Presentation by Katherine Hennings João Amador, Head of the Fiscal Policies and Structural Studies Division, Economics and Research Department, Banco de Portugal Presentation by João Amador Chair: Louis Marc Ducharme, Director, Statistics Department, IMF |
November 20, 2015 |
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| 8:30-9:30 a.m. | Session IV: Natural Resources: Macroeconomic ImpactsThis session considers the conceptual frameworks and data requirements for analyzing the macroeconomic impacts of natural resources on individual economies and the global economy. It discusses the statistical measures required to assess the role of government revenues from natural resources and related issues of transparency and the frameworks used by resource-rich countries to manage commodity price uncertainty. Particular challenges for official statistics are the measurement of natural resource components of GDP, government revenues, and subsidies. Speaker: Vitor Gaspar, Director, Fiscal Affairs Department, IMF Discussant: Hilde C. Bjørnland, Professor of Economics at BI Norwegian Business School and Director of the Centre for Applied Macro and Petroleum economics (CAMP) Chair: Ahmed Abdulkarim Alkholifey, Deputy Governor for Research and International Affairs at Saudi Arabian Monetary Agency (SAMA) |
| 9:30-11:00 a.m. | Coffee Break and Exhibition Visit (Atrium)Session V: Measuring Material Conditions of Households - Growth, Jobs, and WealthThis session addresses the need to go beyond measures of GDP to assess the well-being of households. Some key conceptual issues of what exactly should be measured remain. Therefore, the session examines the range of indicators that could be used to complement estimates of GDP to derive a more reliable measure of well-being. It will also examine how statisticians may go about compiling and disseminating distributional information for evidence-based policy. The session discusses the role of the UN’s Sustainable Development Goals in promoting the development of coherent measures of wellbeing. Speakers: Krislert Samphantharak, Associate Professor of Economics School of Global Policy and Strategy, University of California, San Diego, United States Luigi Guiso, Axa Professor of Household Finance and Insurance, Einaudi Institute for Economics and Finance, Italy Discussants: Olympia Bover, Head of Unit of Microeconomic Information and Analysis, Research Division, Banco de España Thomas F. Alexander, Senior Economist, Statistics Department, IMF Chair: Marco Mira d’Ercole, OECD Head of Household Statistics and Progress Measurement Division |
| 11:30 a.m.-1:00p.m. | Round Table Discussion
Participants: Ahmed Abdulkarim Alkholifey, Deputy Governor for Research and International Affairs at Saudi Arabian Monetary Agency (SAMA) Claudia Buch, Deputy President of the Deutsche Bundesbank Katherine Hennings, Advisor, Banco Central do Brasil Walter Radermacher, Director General, Eurostat Krislert Samphantharak, Associate Professor of Economics School of Global Policy and Strategy, University of California, San Diego, United States Chair: Min Zhu, Deputy Managing Director, IMF |
| 1:00-1:15 p.m. | Closing RemarksLouis Marc Ducharme, Director, Statistics Department, IMF |
Disclaimer
The website contains papers and web links to papers that will be presented at the Third IMF Statistical Forum. The views expressed in these papers and presentations are those of the authors only, and the presence of them, or of links to them, on the IMF website does not imply that the IMF, its Executive Board, or its management endorses or shares the views expressed in the papers.
Forum Program Committee (all IMF):
Louis Marc Ducharme (Chair), Claudia Dziobek, Robert Kirchner (Bundesbank)
Forum Coordinators: Thomas Alexander and Deon Tanzer
