Paper on central bank research, 1990-2003

The Bank of Canada Working Paper "Quantity, quality, and relevance: Central bank research, 1990-2003" published December 2005 documents the research output of 34 central banks from 1990 to 2003, and use proxies of research inputs to measure the research productivity of central banks over this period.

Results are obtained with and without controlling for quality and for policy relevance. The authors find that, overall, central banks have been hiring more researchers and publishing more research

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