Policy economists outnumber research economists

Central banks with their own pure research departments tend to employ more policy economists

Policy economists outnumber research economists, Central Banking’s Economics Benchmarks 2021 data shows. 

The median number of policy economists at 30 central banks that provided data to this question was 20, and 16 for research economists. Average differences diverged further – 45 for policy and 24 for research – due to two high income central banks in Asia-Pacific and the Americas with more than 200 policy economists, over double the average number of staff in economics departments. 

The

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