Proceedings of the IFC Workshops on "The use of surveys by central banks", in Pune June 2007, Buenos Aires December 2007 and Vienna March 2008

IFC Bulletin No 30
July 2009
  page
Foreword by the IFC Chair
Manuel Marfán
1
Overall summary
Paul Van den Bergh
3
   
Session 1: Overview of central bank data collection practices  
Background note on data collection techniques by central banks: trends and issues
Chatwaruth Musigchai, Bank of Thailand
 7
Surveys conducted by Reserve Bank of India
C.L. Agarwal, Reserve Bank of India
13
   
Session 2: Surveys of consumers/households  
Background note on surveys of households
Kerry Wood and Paul Van den Bergh, Bank for International Settlements
23
The 2002 wave of the Spanish Survey of Household Finances (EFF): sample description and some results
Ernesto Villanueva, Bank of Spain
28
Results of inflation expectations survey of households
S.N.S. Tyagi, Reserve Bank of India
36
Survey on workers' remittances
Enrique Montes, Bank of the Republic (Colombia)
52
National Labor Force Survey (NLFS)
Dafne Vales, Central Bank of the Dominican Republic
58
Consumer Confidence Survey in Armenia
Martin Galstyan and Vahe Movsisyan, Central Bank of Armenia
63
The distribution of financial assets in Austria: some selected results of the OeNB Survey of Household Financial Wealth 2004
Peter Mooslechner, martin Schuerz and Karin Wagner, Austrian National Bank
67
   
Session 3: Business surveys  
Background note on surveys of the corporate sector
Tracy Chan and Paul Van den Bergh, Bank for International Settlements
79
Use and usefulness of business survey data - the National Bank of Belgium's case
Luc Dresse, National Bank of Belgium
83
The Bank of Canada's Business Outlook Survey
Thérèse Laflèche, Bank of Canada
88
Business Surveys and company accounts: implementation and use for monetary policy
Ahmet N. Kipici, Central Bank of the Republic of Turkey
93
Reserve Bank of India surveys on corporate statistics
V.C. Augustine, Reserve Bank of India
95
Direct Reporting System: foreign direct investments of the business sector in Israel
Tsahi Frankovits, Bank of Israel
100
Some remarks on business surveys in the National Bank of Poland
Piotr Boguszewiski, National Bank of Poland
104
   
Session 4: Surveys for the compilation of external sector statistics  
Background note on surveys for the compilation of external sector statistics
Paul Van den Bergh, Bank for International Settlements
115
Surveys for the compilation of external sector statistics: the experience of Banco de Portugal
Paula Casimiro, Bank of Portugal
121
New collection system in Belgium for Balance of Payments BoP 2006 - use of surveys and direct reporting for BoP
Daniel Desie, National Bank of Belgium
127
Surveys for compilation of external sector statistics in India
Narender Singh Rawat, Reserve Bank of India
132
Overview on external data compilation
Lui Kwee Ching, Central Bank of Malaysia
138
External sector surveys
Erika Chaves Ramirez, Central Bank of Costa Rica
142
Use of surveys to compile external statistics in the Central Bank of Chile
Paulina Rodríguez, Central Bank of Chile
145
Challenges in data compilation of foreign direct investment in a free capital flows country - the Uruguayan case
Ana María Ibarra, Luis Ipar and Mariana Taboada, Central Bank of Uruguay
149
Surveys as data sources for external sector statistics
Endrita Xhaferaj, Bank of Albania
152
Foreign direct investment statistics: the case of the Czech Republic
Rudolf Olšovský, Czech National Bank
158
Mobile phone traffic data and tourist services item in Balance of Payments
Matjaž Jeran, Bank of Slovenia
162
   
Session 5: Surveys of monetary and financial conditions  
Background note on surveys of monetary and financial conditions
Kerry Wood and Paul Van den Bergh, Bank for International Settlements
171
The use of a survey for the compilation of the Austrian contribution to the harmonised interest rate statistics for the euro area
Alois Klein, Aurel Schubert and Gunther Swoboda, Austrian National Bank
176
The Federal Reserve's Senior Loan Officer Opinion Survey
Gretchen Weinbach, Board of Governors of the Federal Reserve System
188
Survey of ownership of deposits with scheduled commercial banks in India - evolution, methodology and issues
Deepak Mathur, Reserve Bank of India
192
Direct Investment survey in Indonesia
Minot Purwahono and Siti Muarofah, Bank Indonesia
198
Monetary indicators surveys
Beatriz Biasone, Central Bank of Argentina
202
Central Bank of Bosnia and Herzegovina Statistics of monetary and financial sector; Survey on banks' loans by purpose
Amir Hadziomeragic and Vidosav Pantic, Central Bank of Bosnia and Herzegovina
205
   
Session 6: International surveys  
Challenges of international surveys: plans for a Eurosystem survey on household finance and consumption
Carlos Sánchez Muñoz and Panagiota Tzamourani, European Central Bank
209
   
Session 7: Surveys of economics forecasts  
Market Expectations Survey (REM) Central Bank of Argentina
Francisco Gismondi, Central Bank of Argentina
221
Summary: "A Bayesian method of forecast averaging for models known only by their historic outputs: an application to the BCRA's REM."
Pedro Elosegui, Francisco Lepone and George McCandless, Central Bank of Argentina
224
The Economic Expectations Survey (EES) of the Central Bank of Chile
Macarena García A., Central Bank of Chile
227
Quarterly surveys of economic expectations in Colombia
Héctor Zárate, Bank of the Republic (Colombia)
230
   
Annex 1: Workshop programmes  
Pune, India, 27-30 June 2007  237
Buenos Aires, 11-13 December 2007 240
Vienna 18-20 March 2008 243
   
Annex 2: Participants in the workshops  
Pune, India, 27-30 June 2007 247
Buenos Aires, 11-13 December 2007 249
Vienna 18-20 March 2008 251