In the aftermath of the 2007-2009 economic and financial crisis, user demands for more detailed and timelier statistics on income and finance to detect (financial) risks and vulnerabilities have increased tremendously. But also the increased attention for material economic well-being of households has created a renewed demand for income, consumption and wealth data on households, including their distribution across household groups. The presentation will provide a short overview of the main medium and long-term challenges, when it comes to compiling institutional sector accounts and balance of payments. These issues relate to e.g. globalisation, tracking new developments in the financial industry, capturing financial interconnectedness and other risks, compiling data for the household sector, and more generally the implementation of the relevant recommendations of the G-20 data Gaps Initiative.
11:00 - 12:00
Special Topic Session
Room: Hegelsaal II
Chair:
Gerard Eding
Organiser/s:
Silke STAPEL-WEBER, Caroline Willeke
The session gives a broad overview of current developments and prospects in the statistics. Countries could present their efforts to reconcile balance of payments statistics (BoP) and national accounts, and share experiences on the dissemination of combined products. Furthermore, the policy use of the statistics will be illustrated on basis of the BOP and financial accounts that go into the EU’s Macroeconomic Imbalance Procedure, including the requirements for the quality of the statistics that derive from it. Finally, major medium- and long-term improvements to the statistics will be discussed. We could invite speakers from the relevant ESCB and ESS fora. The relevant G-20 requirements could be an element as well.
Future challenges for institutional sector accounts and BoP statistics
Reference:
Th-STS01-04
Session:
Institutional Sector Accounts and Balance of Payments statistics
Presenter/s:
Peter VAN DE VEN
Presentation type:
Oral presentation
Room:
Hegelsaal II
Chair:
Gerard Eding
Date:
Thursday, 18 October 2018
Time:
11:00 - 12:00
Session times:
11:00 - 12:00