Can Big Data improve households’ welfare?

A virtual CEPR-TFI event on May 7 2020
Posted on May 08, 2020

“In times of a disaster like Covid-19, Big Data could help identify which households face financial difficulties, and provide more targeted relief”, says John Campbell, professor at Harvard University, in his presentation. He was one of the key speakers at the virtual conference on Big Data, organised by the Centre for Economic Policy Research and the Think Forward Initiative on May 7.

After the kick-off by Mark Cliffe, Head of the New Horizons Hub at ING and TFI Research Board member, an impressive panel of economic, finance and data experts shared their views on the question: “What could Big Data do for households' welfare?”.

The panelists all agreed that having specific information about households’ wealth and liabilities could help getting support at the right place, at the right time, while, at the same time, acknowledging the challenges of privacy and transparency.

The panel

  • Gianluca Violante, Professor at Princeton University
  • Martin Flodén, Deputy Governor of Sweden’s Riksbank
  • John Y. Campbell, professor at Harvard University
  • Shiler Khedri, ING Global Head of Data and Technology

The panel was chaired by Paulo Sodini, director of the Swedish House of Finance National Data Center, and Karolina Ekholm, a former Riksbank deputy governor and Swedish finance ministry official.

Continue reading about the event and the panelists’ individual views here, or watch the entire webinar in the video below.