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ONLINE: safeFBDC Live: The Use of Big Data and SocialMedia in Central Bank Policy
30. September 2021 | 17:00 – 18:00kostenlos
The Use of Big Data and SocialMedia in Central Bank Policy
The Future of Data – safeFBDC Live!
Big Data comes in many forms and is applied in various fields. Over the last years, there has been a big jump in acceptance and use of this data – even in important institutions such as Central Banks. With Data being the new Oil, Gold or even Pepper, it makes sense, that these institutions are digging into these new ressources, too.
Big Data is mostly used for forecasting, nowcasting and even sentimental analysis to detect potential crises as early as possible. We will look at how the data is sourced as well as into the methodologies Central Banks use to extract valuable information.
As we are working on Monetary Policy Decisions within the safe Financial Big Data Cluster, part of the Gaia-X initiative, we want to share with you our knowledge and research and we hope you can profit from it.
Sascha Steffen | Vice President Research and professor of finance at the Frankfurt School of Finance & Management, and the director of Financial Intermediaries and the Real Economy (FIRE) — a research-led think tank dedicated to understanding the important challenges facing financial markets and the economy. He is also principal investigator of the project “AI & Monetary Policy,” which is driven by questions such as the role of monetary policy and banks in climate change.
Michael Ehrmann | Head of the Monetary Policy Research Division in the ECB’s Directorate General Research. Previously, he worked as Director in the International Department and as Head of Research at the Bank of Canada, and held various positions at the ECB, including Head of the Financial Research Division. His research covers central bank communication, monetary policy transmission, international finance and household finance. He holds a PhD in Economics from the European University Institute in Florence, Italy.
Paula Cocoma | Assistant Professor of Finance at the Frankfurt School of Finance & Management. Her research is centered around theoretical asset pricing, where she focuses on the decision to learn and process information and the consequences of such decisions for financial markets.
The Event will be streamed live, you will get the link in time. For questions around the safeFBDC, please visit www.safeFBDC.com !