Reaping the Benefits of Using Integrated Micro-Data for Statistical Purposes… and Beyond

Abstract

This paper examines how the Banco de Portugal has been exploring the statistical micro-databases available in-house, with the aim to enhance the effectiveness and efficiency of its statistical system. The use of integrated granular data constitutes the cornerstone of the Bank’s long-term strategy as regards its statistical function, and a vital contribution to other areas within central bank’s competencies – inter alia, monetary policy, financial stability and supervision. Some examples of areas in which the integrated management of micro-data has added considerable value to the statistics of the Banco de Portugal, in particularly by assessing the heterogeneity hidden behind aggregate numbers, are shown.

Keywords

• Micro-database
• data integration
• granular data
• central bank statistics