Macro-financial statistics Finally, let me turn to the challenges involved in measuring macro-financial developments in Ireland. For the conduct of monetary and macroprudential policies, it is essential that there exist robust measures of the levels of domestic incomes and production, together with reliable ancillary measures of sectoral and international financial accounts.
More generally, such indicators are also vital for fiscal analysis and many private-sector decisions. 4  BIS central bankers’ speeches  The highly-globalised nature of the Irish macro-financial system means that accurate implementation of UN/Eurostat statistical manuals does not provide sufficient guidance, as is evident from the debate following the most recent CSO official releases.