Household Welfare: Do We Need Big Data?

The retail banking sector is undergoing a profound transformation, as big data becomes available and is increasingly used to customize and shape retail banking services. Big data is also becoming increasing necessary to conduct monetary policy, financial stability and insure adequate financial consumer protection. On May 7th, we had a webinar where we touched and discussed these issues with leading experts from the academic, policy and professional world.

The CEPR Network on Household Finance and Swedish House of Finance are organising the Fifth European Household Finance Workshop on 7-9 May 2020 with the support of the Think Forward Initiative (TFI) and EIEF. The objective of this workshop is to host presentations and foster interaction between Senior and Junior Researchers working in the area of household finance.

17:30-19:00 CEPR-TFI Event – Household Welfare: Do We Need Big Data?

Welcome: Mark Cliffe, Global Head of the New Horizons Hub (ING Group)
Opening Remarks: Paolo Sodini (Stockholm School of Economics and SHoF)

Speakers:

John Campbell, Professor (Harvard University)
Martin Flodén, Deputy Governor (Riksbank)
Shiler Khedri, Global Head of Data and Technology at ING Analytics (ING)
Gianluca Violante, Professor (Princeton University)

Panel Discussion

Chair: Karolina Ekholm, Professor (Stockholm University and CEPR)

The event last about one hour and a half, with one hour dedicated to the speakers presentations and half hour to a moderated panel discussion.

Household Welfare: Do We Need Big Data?

The retail banking sector is being transformed as big data is increasingly used to customize and shape retail bamking services. Listen to Professor John Campbell (Harvard University), Martin Flodén (Riksbanken), Shiler Khedri (ING) and Professor Gianluca Violante (Princeton University) in a panel discussion chaired by Professor Karolina Ekholm (Stockholm University and CEPR) on the transformation and how big data is becoming neccessary in monetary policy, financial stability and financial consumer protection. The workshop is brought to you by the CEPR network on household finance and SHoF in collaboration with the Think Forward Initative (TFI) and EIEF.

Article at ING about Household Welfare: Do We Need Big Data?

Imagine, just for a moment, there was a massive crisis, throwing many household finances into chaos. Might it not be a good idea to have as much data as possible to identify who needs help and how much? By Jeremy Gaunt at ING