Prof. Dr. Joscha Beckmann

The purpose of the report is to provide a systematic overview of the relevant data related to Big Data and their potential for macroeconomic analysis (in particular business cycle monitoring and forecasting). In this context, both the possibilities and the challenges that may arise due to data availability, data quality, methodological requirements or the manageability of the data will be discussed in detail.

Since March 2015 the Kiel Institute for the World Economy advises the European Parliament on issues related to monetary and economic policy. In particular the Kiel Institute prepares surveys on current issues of currency and monetary policies in the Euro Area in order to brace the European Parliament for regular discussions with the European Central Bank (EZB).