In the aftermath of the crisis, the IMF decided to introduce a new data standard, the Special Data Dissemination Standard, in order to collect additional information on the situation of its member countries and to publish this information much faster than it had been done in the past.
This new data requirement was felt necessary since it is supposed to better inform economic actors and therefore create an early warning system for financial crises. The “new economy” and its important productivity gains due to information technologies generated the need for more detailed data concerning prices – for instance Hedonic prices to capture ever faster changes.