Claudia Sahm on how Private Data can Augment Official Statistics

Source: International Monetary Fund – IMF (video statements)

While official statistics compiled by government agencies are still considered the most reliable, policymakers are increasingly using private data to get around their limitations. Claudia Sahm is a former principal economist at the Federal Reserve Board of Governors and has studied the growing role of alternative data in monetary policy. In this podcast, Sahm says the immediacy and granularity of private company data should serve as a complement to traditional data, not as a substitute.

Transcript (https://traffic.libsyn.com/imfpodcast/Claudia_Sahm-transcript-IMF_Podcast.pdf) : https://bit.ly/3MH31X6

Read the article at IMF.org/fandd

https://www.youtube.com/watch?v=rYBr9JEnu9k

Governor Chang Yong Rhee on Bank of Korea’s Innovative Approach

Source: International Monetary Fund – IMF (video statements)

Price stability is the main goal for central banks, and monetary policy is how they achieve it. However, societies are always in flux, and central bankers who pay close attention to emerging trends are more likely to make better policy decisions. Bank of Korea Governor Chang Yong Rhee has expanded the scope of research to include structural issues like population aging to better understand the changing dynamics of Korea’s economy. Before becoming Governor in 2022, Mr. Rhee held several senior roles in global financial institutions, including the IMF, where he led the Asia and Pacific Department.

https://www.youtube.com/watch?v=PMjiq9n8w5s

Cyprus takes over the Presidency of the Council of the EU

Source: European Commission (video statements)

On 1 January 2026, Cyprus takes over the Presidency of the Council of the European Union. Over the next 6 months, we’ll work closely on the priorities of Cyprus’ EU Presidency:

• Autonomy through Security, Defence Readiness and Preparedness
• Autonomy through Competitiveness
• Open to the World, Autonomous
• An Autonomous Union of Values that Leaves No One Behind
• A long-term budget for an Autonomous Union

https://www.youtube.com/shorts/7bNhcUr3g1I

UK Looking back at 2025 in the Lords

Source: United Kingdom UK House of Lords (video statements)

As we approach the New Year, the Journal Office is taking a look back at 2025 in the House of Lords.

The Journal is the formal and authoritative summary record of the proceedings of the House of Lords. Each Journal contains the attendance, minutes (including voting lists) and papers, along with some committee reports, for every day the House sat during a parliamentary session.

➡ Find out more about the Lords at https://parliament.uk/business/lords/

#HouseOfLords #UKParliament #NewYear

https://www.youtube.com/shorts/nZJYm4BZrLA