Mario Marcel: Measuring the economy in the digital age

Opening remarks by Mr Mario Marcel, Governor of the Central Bank of Chile, at the Third Statistics Conference "Measuring the Economy in the Digital Age", Santiago de Chile, 1 October 2019.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
22 October 2019
by Mario Marcel
PDF full text
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  |  4 pages

Good morning,

It is a great pleasure to welcome you to the Third Statistics Conference organized by the Central Bank of Chile (CBC), on "Measuring the Economy in the Digital Age" that brings together distinguished experts on macro statistics from many agencies and countries around the globe. This conference follows the one on "Statistics for Financial and Monetary Analysis" in 2015 and on "Measuring the Economy in a Globalized World" in 2017 and it is becoming a landmark event for the CBC, and I hope for all participants as well. The conference we are opening today will address the opportunities and challenges that digitalization imposes on us in interpreting and analyzing increasingly dynamic economic and financial phenomena.

The Digital Economy

Digitization is progressively changing the way we understand our world, by creating new business models and processes, generating new smart products and services, with lower costs and more timely delivery, all of which is reshaping consumer behavior.