data sharing werner bier deputy director-general statistics european central bank inter-agency group...
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Data SharingWerner Bier
Deputy Director-General Statistics European Central Bank
Inter-Agency Group on Economic and Financial Statistics (IAG) G-20 Data Gaps Initiative
Laurs Nørlund
Director - National Accounts, Prices and Key Indicators
Eurostat - European Commission
Outline• Background
• Guidelines for the pilot projects
• Infrastructure– Common templates– Common protocols
• Pilot projects
• Progress achievedand forthcoming initiatives– national accounts– sectoral accounts– real estate prices
Background
• Policy needs– Multilateral exercises– …
• General objectives– reduce reporting burden of national authorities– more efficient use of resources in international
organisations (IOs)– ensure data are identical and of the highest quality in the
databases of IOs– improve data dissemination to users globally
• SDMX– clear rules and responsibilities for data exchange and
validation
• OECD, ESTAT and ECB task force– reduce data discrepancies in the public domain– gain efficiency
Guidelines for the pilot projects
1. Common statistical concepts and definitions
2. Globally harmonised reporting templates
3. Global data sharing (focus on published data)
5. Coordinated data flow
4. Single point for data quality management
A possible data sharing model
EU OECDother than EU
Worldother than OECD
Eurostat - ECB
OECD
IMF, UN, WB, ILO, BIS, other IOs
USERS
Infrastructure
• Statistical standards– SNA 2008 / BPM6 / international manuals
• Common templates– NA main aggregates / sector accounts /
BoP
• Frequency and timeliness
• Harmonised protocols– SDMX / Data Structure Definitions
• Data quality management
Pilot project
Way forward
• Test the feasibility
• Set up a Task Force
• Scope– GDP and main aggregates– Sectoral accounts
• Deliverables:– Templates– Co-ordinates and consistent workflow– Timetable for execution
Stocktaking
Stocktaking of practices, problems and expectations
Peer review validation
Peer review of current validation routines; identification of gaps and minimum checks prior dissemination
Workflow
Exploring exchange of non-validated data (timeliness) and restricted data (embargo/ not for publication/ confidential)
SLA
OECD - ESTAT service level agreement signed by DGs
Implementation
Implement and test agreed improved validation and data exchange procedures
Progress achieved (1)National Accounts
Progress achieved (2)Sectoral accounts
Integration financial and non financial accounts
Frequency and timeliness
Common templateNational Accounts
Data Structure Definition
Progress achieved (3)Real estate price statistics
• Methodological framework – RPPI Handbook
• Harmonised production in Europe
Progress achieved (3)Real estate price statistics
• Definition of the template
• Establish a common Data Structure Definition– within price statistics
• Project on Commercial Property Price Indicators – Handbook
Thank you for your attention!