Central bank research may be biased by career concerns, paper finds

Central bankers are more likely to be promoted if they find QE is effective, study shows

Career ladder

Research by central bankers into the effectiveness of quantitative easing (QE) may be biased by career concerns and possibly other factors, a new working paper finds.

The authors of Fifty Shades of QE compare the findings of central bank research into QE against academic research. The results suggest that central bankers tend to find QE has a larger impact on output than similar studies by academic economists.

Brian Fabo, Martina Jančoková, Elisabeth Kempf and Lubos Pastor – affiliated

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

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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