Economics Benchmarks 2023 – model banks analysis
Data reveals differences in research, forecasting and data use across central banks
Economics departments, broadly defined, are tasked with conducting economic research and carrying out policy tasks – data analysis, forecasting, advising policy-makers. These are resource-hungry functions that require a significant level of specialisation from staff, as well as backing from infrastructure such as databases, computing power and modelling tools.
The model banks analysis highlights how the average economics department is organised in advanced economy (AE) and emerging market
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