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

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 |

01 July 2009

| 257 pages

	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