Six Decades of Economic Research at the Bank of England

Résumé

This paper discusses the transformation of the content, role, and status of economic research at the Bank of England (BoE) in the past 60 years. We show how three factors (policy functions and missions of the Bank, its organisational structure, and the attitude of its executives towards economics) shaped the evolution of in-house BoE economic research during three distinctive periods (1960-1991; 1992-2007; 2007 - 2020). Our account relies on a broad set of sources and methods (BoE publications, archives, interviews with current and former BoE economists, citation analysis, prosopography, and topic modelling).

Aurélien Goutsmedt

Chargé de Recherche FNRS

Je travaille sur l’histoire de la macroéconomie et l’expertise économique.