Climbing ‘Mount Economy’

mountain-shutterstock-254032789

"It is like trying to get to the top of a mountain," says Claudio Borio, head of the Bank for International Settlements' (BIS) monetary and economic department. "You can follow the winding and steep trail, or you can take the cable car." Borio is talking about central banks' approaches to modelling. Choosing the correct analytical approach for each question is the difference between slogging up the winding path or taking the direct route. Of course, both should lead to the summit – eventually.

D

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.