Economics Benchmarks 2021 report – making sense of the modern economy
Covid-19 coloured central banks’ views on their economics function
View a printable version of this report in PDF format
The first Economics Benchmarks report, published in 2020, partially overlapped with the opening stages of the Covid-19 pandemic. The effects of the virus were already starting to appear in the question of how central banks think about the economy, and how they organise the specialist staff tasked with forecasting and wider economic analysis. The pandemic continues worldwide and, in 2021, the effects appear in Central Banking’s benchmarking
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
Economics Benchmarks 2024 – model banks analysis
Additional data breakdowns reveal patterns based on staffing and development
Economics Benchmarks 2024 – executive summary
The benchmark drills into model design features as well as staffing, research and AI
Economics Benchmarks 2024 report – making models work
The benchmarks this year include more granular details on key model design features
Share of economics departments with data unit rises
Web scraping and administrative data are top alternative sources for economists
Heterogeneous agents and non-linearities rare in main models
Semi-structural models continue to be dominant choice of main forecast model at central banks
Economists commonly use AI for data analysis
Lower-middle income countries, Africa and Asia-Pacific report lower use of AI
Economists least likely to research impact of AI
Inflation dynamics retains position at top of the rankings
Peer-reviewed journals still top gauge for research impact
Smaller teams more likely to consider conference presentations as assessment tool