Economics teams tend to be tailored by institution
But hub and spoke model is prevalent among high income respondents
Economics departments of central banks appear to be largely institution-specific in structure, data from the Economics Benchmarks 2024 find.
Over a third of 34 central banks say their economic team structure takes “other” (35.3%) forms. Nine respondents say they separate policy and research departments (26.5%). Eight others indicated that they use a “hub and spoke” with a central research team and distributed economists in policy functions (23.5%), while five central banks have economists fully
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