Central Bank Economic Research: Output, Demand, Productivity, and Relevance
The economic research of 30 central banks in OECD and Latin America countries from 2000 to 2007 is evaluated in this study. An international comparison based on four indexes that measure central bank research output, demand, productivity and relevance is included. From this view, the European Central Bank, the United States Federal Reserve Bank-Board of Governors- and the Bank of Canada showed the best results. The Central Bank of Colombia achieves an important position among the central banks selected for the study and holds that position in most of the indexes. Three aspects of research were examined in depth: i) focus of the research agenda, ii) the way research is organized, and iii) strategies for its development for six leading central banks in the sample, based on the results of the measure, including the Central Bank of Colombia. The study shows a tendency of central banks to develop studies with academic institutions. This practice allows them to broad the range of their analysis, by having an outside perspective, while getting expertise with recent techniques and theories for better economic analysis, which contributes to policy design.
(This abstract was borrowed from another version of this item.)
Volume (Year): XXIII (2010)
Issue (Month): 2 (July-December)
|Contact details of provider:|| Postal: |
Phone: 52 (55) 5061 6680
Web page: http://www.cemla.org
More information through EDIRC
|Order Information:|| Web: http://www.cemla.org Email: |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jorge Galán Camacho & Miguel Sarmiento, 2006.
"Staff, Functions, and Staff Costs at Central Banks: An International Comparison with a Labor-demand Model,"
BORRADORES DE ECONOMIA
003524, BANCO DE LA REPÚBLICA.
- Jorge E. Galán Camacho & Miguel Sarmiento Paipilla, 2007. "Staff, Functions, and Staff Costs at Central Banks: an International Comparison with a Labor- Demand Model," Money Affairs, Centro de Estudios Monetarios Latinoamericanos, vol. 0(2), pages 131-179, July-Dece.
- Jorge Galán Camacho & Miguel Sarmiento Paipilla, . "Staff, Functions, and Staff Costs at Central Banks: An International Comparison with a Labor-demand Model," Borradores de Economia 419, Banco de la Republica de Colombia.
- BAUWENS, Luc & KIRMAN, Alan & LUBRANO, Michel & PROTOPOPESCU, Camelia, .
"Ranking economics departments in Europe: a statistical approach,"
CORE Discussion Papers RP
1694, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Michel Lubrano & Luc Bauwens & Alan Kirman & Camelia Protopopescu, 2003. "Ranking Economics Departments in Europe: A Statistical Approach," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1367-1401, December.
- BAUWENS, Luc & KIRMAN, Alan & LUBRANO, Michel & PROTOPOPESCU, Camelia, 2003. "Ranking economics departments in Europe: a statistical approach," CORE Discussion Papers 2003050, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- J. Peter Neary & James A. Mirrlees & Jean Tirole, 2003. "Evaluating Economics Research in Europe: An Introduction," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1239-1249, December.
- Marcelo Ochoa & Klaus Schmidt-Hebbel, 2006. "El Banco Central de Chile en Comparación con los Bancos Centrales del Mundo," Working Papers Central Bank of Chile 367, Central Bank of Chile.
- Kocher, Martin G & Sutter, Matthias, 2001.
"The Institutional Concentration of Authors in Top Journals of Economics during the Last Two Decades,"
Royal Economic Society, vol. 111(472), pages F405-21, June.
- Kocher, Martin G. & Sutter, Matthias, 2001. "The Institutional Concentration of Authors in Top Journals of Economics during the Last Two Decades," Munich Reprints in Economics 18183, University of Munich, Department of Economics.
- Martin G. Kocher & Mikulas Luptacik & Matthias Sutter, 2001.
"Measuring Productivity of Research in Economics. A Cross-Country Study Using DEA,"
Department of Economics Working Papers
wuwp077, Vienna University of Economics and Business, Department of Economics.
- Kocher, Martin G. & Luptacik, Mikulas & Sutter, Matthias, 2006. "Measuring productivity of research in economics: A cross-country study using DEA," Socio-Economic Planning Sciences, Elsevier, vol. 40(4), pages 314-332, December.
- Kocher, Martin G. & Luptácik, Mikulás & Sutter, Matthias, 2006. "Measuring productivity of research in economics: A cross-country study using DEA," Munich Reprints in Economics 18192, University of Munich, Department of Economics.
- Pierre St-Amant & Greg Tkacz & Annie Guérard-Langlois & Louis Morel, 2005. "Quantity, Quality, and Relevance: Central Bank Research, 1990-2003," Working Papers 05-37, Bank of Canada.
- Howard J. Wall, 2009. "Journal rankings in economics: handle with care," Working Papers 2009-014, Federal Reserve Bank of St. Louis.
- P. Garcia-Castrillo & A. Montanes & F. Sanz-Gracia, 2002. "A worldwide assessment of scientific production in economics (1992-1997)," Applied Economics, Taylor & Francis Journals, vol. 34(12), pages 1453-1475.
- Eijffinger, Sylvester C. W. & de Haan, Jakob & Koedijk, Kees, 2002.
"Small is beautiful: measuring the research input and output of European central banks,"
European Journal of Political Economy,
Elsevier, vol. 18(2), pages 365-374, June.
- Eijffinger, S.C.W. & de Haan, J. & Koedijk, C.G., 2002. "Small is beautiful : Measuring the research input and output of European Central Banks," Other publications TiSEM 54809c56-978b-43f0-8117-8, Tilburg University, School of Economics and Management.
When requesting a correction, please mention this item's handle: RePEc:cml:moneya:v:xxiii:y:2010:i:2:p:211-240. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ana Laura Sibaja-Jiménez)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.