Session I: The Relevance of Micro Data for Evidence-Based Policies
Third IMF Statistical Forum
This session examines the role and relevance of micro data in economic policy; how micro data can be used to assess the effectiveness and efficiency of policies and policy instruments across a range of areas such as monetary policy, fiscal policy, and labor market analysis. Macroprudential policy focused on systemic stability calls for data on "tail events" which poses a particular challenge for official statistics to meet such data needs. Examples are microdata to evaluate regulatory changes, the effects of long-term unemployment benefits or job-creating measures, and distribution effects of monetary policy.