Shapiro on how the Federal Reserve is turning towards private data
"How's the economy? Fed increasingly turns to private data" - AP. 2/5/2020.
"These data are becoming of increasing practical importance for figuring out the state of the economy for policy making," Matthew Shapiro, an economist at the University of Michigan who specializes in the practical use of economic data, said at a conference last fall. "The quality of official statistics is going to deteriorate without help from big data."