For example, understanding the build-up of risks in financial systems and the transmission of monetary policy shocks requires sufficiently granular data. Micro-level heterogeneities within and across sectors and countries, play a crucial role in determining macrolevel aggregates. 14  Therefore, the analysis of macroeconomic measures alone proved to  be insufficient as they cannot account for the relevant heterogeneities and frictions.
The Hub is also expected to collaborate with various Government Ministries / Departments / Academia to identify problem statements in different domains and explore potential solutions. To become a Hub in true sense, RBIH should serve as a focal point for interaction among various stakeholders.