Workshop “Using Microdata for Macroprudential Policy – Data, Methods, Applications”
Analyzing risks arising from financial instabilities is essential for central banks but is complicated by the limited suitability of aggregated data for this purpose. The microdata underlying corresponding aggregates often lack sufficient quality, as they are gathered for purposes other than microanalyses, are derived from a large number of sources and based on a wide range of data-gathering techniques and formats, or they simply fail to provide the right information.
Conference on “Wealth Inequality: Theory and Empirical Data”
On June 20, 2013, the Austrian HFCS project team hosted a conference entitled “Wealth Inequality: Theory and Empirical Data” at the OeNB. Below, we can provide videotapes of the project manager’s introductory statement and the presentations made by Heinz D. Kurz (Professor, University of Graz) and Arthur B. Kennickell (Assistant Director, Federal Reserve Board).
On February 25 and 26, 2013, the OeNB hosted two one-day workshops on the HFCS for the Austrian research community. The purpose of the workshop was to provide background information on the survey and its methodology in the questionnaire, the complex sampling design and the field period as well as questions of weighting, multiple imputation and variance estimation. Furthermore, participants were guided through the initial steps of working with the data, using Stata©software based on a small test dataset. The workshop material is available for download below (available in German only).