Economic research at central banks: Are central banks interested in the history of economic thought?

Ivo Maes
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Ivo Maes: : Robert Triffin Chair, University of Louvain and ICHEC Brussels Management School

No 413, Working Paper Research from National Bank of Belgium

Abstract: With central banks becoming monetary authorities, research departments have become a core element of a modern central bank. Crucial elements of a central bank research department are contributing to monetary policymaking and sustaining a dialogue with the academic community. The importance of historical research (and central banks do not really make a difference between economic history and the history of economic thought) varies a lot. The historical curiosity of influential central bankers and the commemoration of anniversaries are important factors hereby. Historical research can allow central banks to take more distance and can help to avoid a “this time is different” view.

Keywords: central banking; economic research; economic history; history of thought. (search for similar items in EconPapers)
JEL-codes: E42 E58 G28 N10 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2022-09
New Economics Papers: this item is included in nep-ban, nep-cba, nep-his, nep-hpe, nep-mon and nep-sog
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Persistent link: https://EconPapers.repec.org/RePEc:nbb:reswpp:202209-413

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