BoE open to heterodox tools in new research agenda
Traditional tools of economic analysis “cannot always answer every question”, says Andrew Bailey
The Bank of England (BoE) says it is open to new ways of economic thinking, including so-called heterodox approaches, as it grapples with profound changes in the economy.
The central bank launched a new research agenda today (September 1), outlining five areas of focus for the years ahead: monetary policy; the international system; prudential policy; the future of finance; and the “transformed world”, a category that includes forces such as climate change and the after-effects of the Covid-19
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