Data reveals how advanced and emerging market central banks structure their currency operations
Host of changes to modelling incorporate financial channels, nuanced expectations and more
But growth forecast errors are higher in 2023, data shows
Research economists are more numerous and are allotted more research time in high income jurisdictions
Research and forecasting remain key areas of application for central bank economists
Central banks in high-income jurisdictions still have more access
Peer-reviewed papers remain most-used metric for measuring research success
Just over a quarter of central banks run research blogs
Middle income institutions tend to have much widest research interests
It will come as little surprise that central banks allocate the largest portion of their reserves to US Treasuries.
But some other trends stand out. Investors in Asia and Europe are more likely to invest in SIBs. Almost all holdings of exchange-traded funds (ETFs) are in high income jurisdictions. Central banks from high income countries are also more likely to invest in green bonds, and in currencies such as the yen and sterling.
For the full breakdown, use the benchmarking service’s interactive charts to explore the data.