BIS report sheds light on innovative big data use
Central banks across the globe are turning to big data to solve a range of statistical challenges
Central banks in diverse jurisdictions are turning to big data to solve a range of problems, as noted in a recent report from the Bank for International Settlements.
The central banks of Armenia and Sweden are constructing price statistics from non-standard data; in Aruba economists are seeking to forecast tourism demand; while Chile and Portugal are examining financial stability applications.
Published on September 26, the bulletin brings together papers from a conference hosted in Bali by
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