Data
Staff with PhDs make up 21.3% of average economics department
Four-fifths of advanced economy institutions sponsor economists to undertake PhD qualification
Bank of Lithuania targets 2025 for data governance overhaul
Central bank moves to “hub-and-spoke” structure as it seeks to streamline reporting and analytics
Central banks judge success of research by number of publications
Inflation and exchange rate most topical issues for central banks
Use of centralised data services increases across institutions
Rise of central data teams has gone hand in hand with greater use of alternative data
Alternative data used at most central banks
Non-traditional data such as Google searches widely used to support research and forecasting
Chile’s Costa on tackling inflation, forex interventions and nowcasting
The Central Bank of Chile governor speaks about stubbornly high prices, Fed policy spillovers, reserve buffers, retail CBDC and the need to address unconscious bias
PBoC pushes big techs to hand over user data, report says
Some tech firms are resisting order to supply information to PBoC-led credit-scoring firms
Research economists devote more working time to own projects
On average, own research works consume 25% of policy economists’ working time
Advanced economy institutions tend to produce more papers
Emerging market researchers averaged five papers a year in peer-reviewed journals
Research agenda determined across multiple levels
Governors and deputy governors give final sign-off on most research publications
Das outlines RBI’s post-Covid research reforms
Central bank has adopted “full information” system to capture economic dynamics
Majority of banks blend research and policy functions
Only one in five jurisdictions restructured economics unit in the past 12 months
Growth and inflation are top forecast indicators
More emerging markets forecast growth and inflation compared with the past year
Currency Benchmarks 2022 charts
Take a deep dive into the Currency Benchmarks charts, which have just been released for 2022
ECB joins ‘Gaia-X’ data and cloud network project
Initiative aims to build a European data ecosystem to boost “digital sovereignty”
Climate analysis likely understates risk, say FSB and NGFS
Study finds scenario analysis struggles to capture more complicated dynamics
BIS publishes database on bitcoin adopters
Evidence suggests speculation is key motive for holding bitcoin, rather than distrust of traditional institutions
Banknote volumes and values rose among most central banks
Most recent estimates show volume and value of circulating notes rising in 2022
Banks receive widely varying volumes of damaged cash
Central banks share data on values and volumes of mutilated currency
Most jurisdictions have not withdrawn denominations in past five years
Thirty-two central banks have an average of six denominations in circulation
Central bank boards most often make decisions on banknote imagery
Banknotes image types vary from recognised figures to natural phenomena
Majority of central banks have access-to-cash policies
More than two-fifths require a minimum level of cash services from banks
Counterfeit banknotes removed from circulation average $425,000
UV ink and intaglio printing are most common security features