Economics teams constitute just a fraction of central banks’ total workforce

Most institutions have more policy economists than research colleagues

Central bank economics departments tend to constitute just a small percentage of an institution’s total workforce, according to the Economics Benchmarks 2022.

The data supplied by 32 participating institutions shows economics departments employ an average of 61 staff. Meanwhile, the overall workforce size of the central banks shows an average of 1,000 staff strength, bringing the mean of economics staff strength to 6%.

The largest economics department, with 263 workers, was found in an upper

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