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Six Decades of Economic Research at the Bank of England

Author

Listed:
  • Juan Acosta

    (Univalle - Universidad del Valle [Cali])

  • Beatrice Cherrier

    (CREST - Centre de Recherche en Économie et Statistique - ENSAI - Ecole Nationale de la Statistique et de l'Analyse de l'Information [Bruz] - X - École polytechnique - ENSAE Paris - École Nationale de la Statistique et de l'Administration Économique - CNRS - Centre National de la Recherche Scientifique, X - École polytechnique)

  • François Claveau

    (UdeS - Université de Sherbrooke)

  • Clément Fontan

    (ISPOLE - UCL - Université Catholique de Louvain = Catholic University of Louvain)

  • Francesco Sergi

    (LIPHA - Laboratoire Interdisciplinaire d'étude du Politique Hannah Arendt Paris-Est - UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12 - Université Gustave Eiffel)

  • Aurélien Goutsmedt

    (ISPOLE - UCL - Université Catholique de Louvain = Catholic University of Louvain, F.R.S.-FNRS)

Abstract

This paper discusses the transformation of the content, role, and status of economic research at the Bank of England in the past 60 years. We show how four three factors (the policy functions and missions of the Bank, the attitude of its executives towards economics, and its organizational structure) shaped the evolution of in-house economic research at the Bank during three distinctive periods (1960-1991; 1992-2007; 2007-2014). Our account relies on a broad set of sources and methods (the Bank's publications, archives, interviews with current and former Bank's economists, bibliometric, prosopography, and topic modeling).

Suggested Citation

  • Juan Acosta & Beatrice Cherrier & François Claveau & Clément Fontan & Francesco Sergi & Aurélien Goutsmedt, 2023. "Six Decades of Economic Research at the Bank of England," Post-Print hal-03919394, HAL.
    • Handle: RePEc:hal:journl:hal-03919394
    DOI: 10.1215/00182702-10956544
    Note: View the original document on HAL open archive server: https://hal.science/hal-03919394
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    References listed on IDEAS

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    Cited by:

    1. Acosta, Juan & Rancan, Antonella & Sergi, Francesco, 2022. "Centralised and Decentralised Approaches to Multi-Country Macroeconometric Modelling at the Commission of the European Communities: The Short-Lived EUROLINK Model," Economics & Statistics Discussion Papers esdp22081, University of Molise, Department of Economics.
    2. Goutsmedt, Aurélien & Sergi, Francesco & Claveau, François & Fontan, Clément, 2023. "The Different Paths of Central Bank Scientization: The Case of the Bank of England," SocArXiv jzwdt, Center for Open Science.
    3. Acosta, Juan & Rancan, Antonella & Sergi, Francesco, 2023. "Multi-country modelling at the commission of the European communities: Centralised and decentralised approaches," European Economic Review, Elsevier, vol. 158(C).

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    Keywords

    Bank of England; Monetary Policy; Central Banks;
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