Applying efficiency measurement to central banks

- Central Banking staff
- 06 Aug 2003

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The working paper "Applying Efficiency Measurement Techniques to Central Banks" from the Philadelphia Fed released on 6 August reviews the standard techniques of efficiency measurement and reviews some of the literature that has attempted to apply these techniques to central banking. The uniqueness of some of the activities of central banking makes application of the standard techniques problematic, the author finds. However, certain central bank activities do lend themselves to efficiency

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