Climate change on the agenda for most economics departments
Central banks explore a wide range of topics, with some differences between AEs and EMEs
Climate change is becoming a key research topic for central bank economics departments, albeit as part of a wide range of study areas.
A clear majority of respondents to Economics Benchmarks 2020 – 70% – said climate change was one area of interest for their researchers. It was somewhat more common among advanced economies (AEs) than emerging market economies (EMEs).
This seems to reflect the growing importance of climate change as a topic for central banks, both due to financial stability
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Economics
Economic growth and inflation remain most forecast indicators
But year-on-year data show rising priority for exchange rates
Economics Benchmarks 2024 Charts
Take a deep dive into the Economics Benchmarks charts, which have just been released for 2024.
Policy analysis takes most of PhD economists’ time
Other tasks consume just a quarter of their official hours
Two-thirds of central banks forecast policy rate in main models
But relatively few make their rate forecasts public
Economists’ median salary falls below $30,000 a year
Annual budget of economics departments averages under $1 million
Policy economists outnumber research colleagues
Economics FTE staff make up 4% of central banks’ overall employees, on average
Economics teams tend to be tailored by institution
But hub and spoke model is prevalent among high income respondents
Economics Benchmarks 2023 – model banks analysis
Data reveals differences in research, forecasting and data use across central banks