Central banks rotate economics staff frequently
Economists typically spend only small portion of time on own research
Central banks frequently rotate their economics staff, helping to ensure a balance between policy and research work, and to promote the sharing of ideas.
Data from Economics Benchmarks 2020 shows, on average, central bank economists spend just under 30% of their time working on their own research. The figure is slightly higher (33.9%) in advanced economy central banks, and somewhat lower (23.5%) at emerging market central banks. The figures are much higher at some central banks – as high as 80%
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