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

Author

Listed:
  • Ivo Maes

    (: Robert Triffin Chair, University of Louvain and ICHEC Brussels Management School)

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.

Suggested Citation

  • Ivo Maes, 2022. "Economic research at central banks: Are central banks interested in the history of economic thought?," Working Paper Research 413, National Bank of Belgium.
  • Handle: RePEc:nbb:reswpp:202209-413
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    File URL: https://www.nbb.be/fr/articles/losing-prospective-entitlement-unemployment-benefits-impact-educational-attainment
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    More about this item

    Keywords

    central banking; economic research; economic history; history of thought.;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative

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