Advanced economies employ greater share of PhD economists

But both advanced- and emerging-economy central banks devote similar staffing to research

Advanced economy central bankers employ a greater share of PhD economists within their research departments, though research staffing is similar in both groups.

On average, 31.5% of economists employed at advanced economy (AE) central banks hold doctoral degrees. This is in contrast to 8.9% at central banks from emerging market economies (EMEs), data from Economics Benchmarks 2020 shows.

There are several possible explanations for the discrepancy, including resourcing levels, different degrees

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