Official Statistics in the Wake of the Covid-19 Pandemic: A Central Banking Perspective — Oak Academic Publishing
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Official Statistics in the Wake of the Covid-19 Pandemic: A Central Banking Perspective
Economic Statistics Department, South African Reserve Bank (SARB), Pretoria, South Africa
,
Head of Statistics & Research Support, Bank for International Settlements (BIS) & Head of the Secretariat of the Irving Fisher Committee on Central Bank Statistics (IFC), Basel, Switzerland
1 Economic Statistics Department, South African Reserve Bank (SARB), Pretoria, South Africa
2 Head of Statistics & Research Support, Bank for International Settlements (BIS) & Head of the Secretariat of the Irving Fisher Committee on Central Bank Statistics (IFC), Basel, Switzerland
The impact of the Covid-19 pandemic (CV19) on official statistics has been large and multiform. As regards central banks, their statisticians responded proactively to the related data disruptions, and new ways were found to address policy information needs. But the pandemic also triggered a general review of their statistical functions with the view of reorganising statistical production chains. In that sense, the pandemic proved to be a wake-up call for official statistics, underscoring the need for a new, enhanced global framework to improve existing core statistics and address new data needs. The completion of the G20 Data Gaps Initiative at the end of 2021 will provide a key opportunity to support this endeavour and enhance the global statistical infrastructure.
KeywordsOfficial StatisticsSustainable FinanceBig DataPolicy MakingStatistical Function
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