Chief Economists’ Workshop: State-of-The-Art Modelling for Central Banks

5 Pages Posted: 22 Sep 2010

See all articles by Andrew P. Blake

Andrew P. Blake

Bank of England - CCBS

Céline Gondat-Larralde

Bank of England, Centre for Central Banking Studies

Date Written: September 20, 2010

Abstract

Since 2004 the Bank’s Centre for Central Banking Studies has organised an annual Chief Economists’ Workshop to provide a forum for leading central bank practitioners and academic thinkers to exchange views. The recent financial crisis has put many aspects of central banks’ activities under the spotlight, and this year’s Workshop offered a critical appraisal of the economic modelling frameworks used by central banks. Efforts are under way to build upon advances in research and improve those frameworks. But, at the same time, economists will need to remain humble about the inevitable limitations of their models, which will continue to be just one of many inputs to the policymaking process.

Suggested Citation

Blake, Andrew P. and Gondat-Larralde, Céline, Chief Economists’ Workshop: State-of-The-Art Modelling for Central Banks (September 20, 2010). Bank of England Quarterly Bulletin 2010 Q3, Available at SSRN: https://ssrn.com/abstract=1680315

Andrew P. Blake

Bank of England - CCBS ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Céline Gondat-Larralde (Contact Author)

Bank of England, Centre for Central Banking Studies ( email )

HO7, B-D
Threadneedle street
London, London EC2R 8AH
United Kingdom

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