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Behind the Scenes with Data at the IMF

2016-04-16 Computers
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Release : 2016-04-16
Genre : Computers
Kind : eBook
Book Rating : 982/5 ( reviews)

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Book Synopsis Behind the Scenes with Data at the IMF by : International Monetary Fund. Independent Evaluation Office

Download or read book Behind the Scenes with Data at the IMF written by International Monetary Fund. Independent Evaluation Office. This book was released on 2016-04-16. Available in PDF, EPUB and Kindle. Book excerpt: This report examines whether the IMF has effectively leveraged an important asset: data. It finds that in general, the IMF has been able to rely on a large amount of data of acceptable quality, and that data provision from member countries has improved markedly over time. Nonetheless, problems with data or data practices have, at times, adversely affected the IMF’s surveillance and lending activities. The roots of data problems are diverse, ranging from problems due to member countries’ capacity constraints or reluctance to share sensitive data to internal issues such as lack of appropriate staff incentives, institutional rigidities, and long-standing work practices. Efforts to tackle these problems are piecemeal, the report finds, without a clear comprehensive strategy that recognizes data as an institutional strategic asset, not just a consumption good for economists. The report makes a number of recommendations that could promote greater progress in this regard.

Behind the Scenes with Data at the IMF

2016-04-16 Computers
Download Behind the Scenes with Data at the IMF PDF Online Free

Author :
Release : 2016-04-16
Genre : Computers
Kind : eBook
Book Rating : 848/5 ( reviews)

GET EBOOK


Book Synopsis Behind the Scenes with Data at the IMF by : International Monetary Fund. Independent Evaluation Office

Download or read book Behind the Scenes with Data at the IMF written by International Monetary Fund. Independent Evaluation Office. This book was released on 2016-04-16. Available in PDF, EPUB and Kindle. Book excerpt: This report examines whether the IMF has effectively leveraged an important asset: data. It finds that in general, the IMF has been able to rely on a large amount of data of acceptable quality, and that data provision from member countries has improved markedly over time. Nonetheless, problems with data or data practices have, at times, adversely affected the IMF’s surveillance and lending activities. The roots of data problems are diverse, ranging from problems due to member countries’ capacity constraints or reluctance to share sensitive data to internal issues such as lack of appropriate staff incentives, institutional rigidities, and long-standing work practices. Efforts to tackle these problems are piecemeal, the report finds, without a clear comprehensive strategy that recognizes data as an institutional strategic asset, not just a consumption good for economists. The report makes a number of recommendations that could promote greater progress in this regard.

Behind the Scenes with Data at the IMF

2016-11-03 Business & Economics
Download Behind the Scenes with Data at the IMF PDF Online Free

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Release : 2016-11-03
Genre : Business & Economics
Kind : eBook
Book Rating : 142/5 ( reviews)

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Book Synopsis Behind the Scenes with Data at the IMF by : International Monetary Fund

Download or read book Behind the Scenes with Data at the IMF written by International Monetary Fund. This book was released on 2016-11-03. Available in PDF, EPUB and Kindle. Book excerpt: This report examines whether the IMF has effectively leveraged an important asset: data. It finds that in general, the IMF has been able to rely on a large amount of data of acceptable quality, and that data provision from member countries has improved markedly over time. The report makes a number of recommendations that could promote greater progress in this regard.

Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Report “Behind the Scenes with Data at the IMF

2016-10-27 Computers
Download Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Report “Behind the Scenes with Data at the IMF PDF Online Free

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Release : 2016-10-27
Genre : Computers
Kind : eBook
Book Rating : 123/5 ( reviews)

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Book Synopsis Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Report “Behind the Scenes with Data at the IMF by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Report “Behind the Scenes with Data at the IMF written by International Monetary Fund. Strategy, Policy, & Review Department. This book was released on 2016-10-27. Available in PDF, EPUB and Kindle. Book excerpt: This paper sets out Management’s response to the Independent Evaluation Office’s (IEO) report entitled Behind the Scenes with Data at the IMF: An IEO Evaluation. The implementation plan proposes specific actions to address the recommendations of the IEO that were endorsed by the Board in its March 17, 2016 discussion of the IEO’s report, namely: (i) develop a long-term strategy for data and statistics at the Fund; (ii) define and prioritize the Fund’s data needs and support data provision by member countries accordingly; (iii) reconsider the role and mandate of the Statistics Department; (iv) reexamine the staff’s structure of incentives in the area of data management; (v) make clear the limits of IMF responsibility regarding the quality of disseminated data, and clarify the distinction between “IMF data” and “official data.” The implementation of some of these proposed actions is already underway. The paper also explains how implementation will be monitored.

Overarching Strategy on Data and Statistics at the Fund in the Digital Age

2018-03-20 Business & Economics
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Release : 2018-03-20
Genre : Business & Economics
Kind : eBook
Book Rating : 310/5 ( reviews)

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Book Synopsis Overarching Strategy on Data and Statistics at the Fund in the Digital Age by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Overarching Strategy on Data and Statistics at the Fund in the Digital Age written by International Monetary Fund. Strategy, Policy, & Review Department. This book was released on 2018-03-20. Available in PDF, EPUB and Kindle. Book excerpt: "The first data and statistics strategy for the Fund comes at a critical time. A fast-changing data landscape, new data needs for evolving surveillance priorities, and persisting data weaknesses across the membership pose challenges and opportunities for the Fund and its members. The challenges emerging from the digital revolution include an unprecedented amount of new data and measurement questions on growth, productivity, inflation, and welfare. Newly available granular and high-frequency (big) data offer the potential for more timely detection of vulnerabilities. In the wake of the crisis, Fund surveillance requires greater cross-country data comparability; staff and authorities face the complexity of integrating new data sources and closing data gaps, while working to address the weaknesses noted by the IEO Report (Behind the Scenes with Data at the IMF) in 2016. The overarching strategy is to move toward an ecosystem of data and statistics that enables the Fund and its members to better meet the evolving data needs in a digital world. It integrates Fund-wide work streams on data provision to the Fund for surveillance purposes, international statistical standards, capacity development, and data management under a common institutional objective. It seeks seamless access and sharing of data within the Fund, enabling cloud-based data dissemination to support data provision by member countries (e.g., the “global data commons”), closing data gaps with new sources including Big Data, and improving assessments of data adequacy for surveillance to help better prioritize capacity development. The Fund also will work with policymakers to understand the implications of the digital economy and digital data for the macroeconomic statistics, including new measures of welfare beyond GDP."

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