2  BIS central bankers’ speeches  First, it should be noted that although one key point – the risk of macroeconomic imbalances – was indeed recognised by the Delors Committee, consideration was not made for it to be incorporated into the final Maastricht framework.
Taking advantage of big data can ultimately improve macroeconomics policymaking: i) by answering new questions and producing new, accurate and more granular indicators; ii) by offering a painstaking and detailed description of the economic scenario through innovative data sources; iii) slashing the time lags in statistics production, therefore, contributing to a timelier nowcasts/forecasts of existing indicators.