Researching the Research: A Central Banking Edition

MALOVANÁ, Simona, Martin HODULA and Zuzana GRIC. Researching the Research: A Central Banking Edition. INTERNATIONAL JOURNAL OF CENTRAL BANKING. UNITED STATES: ASSOC INTERNATIONAL JOURNAL CENTRAL BANKING, 2024, vol. 20, No 1, p. 263-323. ISSN 1815-4654.

Basic information

• Original name: Researching the Research: A Central Banking Edition
• Authors: MALOVANÁ, Simona (203 Czech Republic, guarantor), Martin HODULA (203 Czech Republic) and Zuzana GRIC (703 Slovakia, belonging to the institution).
• Edition: INTERNATIONAL JOURNAL OF CENTRAL BANKING, UNITED STATES, ASSOC INTERNATIONAL JOURNAL CENTRAL BANKING, 2024, 1815-4654.

Other information

• Original language: English
• Type of outcome: Article in a journal
• Field of Study: 50206 Finance
• Country of publisher: United States of America
• Confidentiality degree: is not subject to a state or trade secret
• WWW: URL
• Impact factor: Impact factor: 1.300 in 2022
• Organization unit: Faculty of Economics and Administration
• UT WoS: 001162996800001
• Keywords in English: Central banking; collaboration; gender diversity; impact factor; network analysis; research; topic analysis
• Tags: International impact, Reviewed

Abstract

We build two unique data sets describing research in central banks in Europe and the United States. These data sets offer a novel insight into central banks' research activities, the research topics covered, collaborations between central banks and with other institutions, gender diversity and research popularization, among other things. We identify significant heterogeneity among central banks from different regions. Nevertheless, we are also able to identify several important stylized facts. First, following the Global Financial Crisis, financial stability surpassed monetary policy as the leading research topic. Second, we document a substantial decline in papers with single authors, from 40% in 2000 to less than 20% in 2019. Still, research in central banks is highly concentrated, as the top 10% of authors contribute to about 50% of all central banks' research publications. Third, while central banks form enormous research networks, we find that most of this research collaboration is region-specific. Fourth, we document an increasing representation of women in research teams, but the gender gap persists and is closing only slowly. In this respect, small central banks are found to employ more female researchers than large ones. Fifth, major central banks with a well-established research tradition achieve the highest average impact factor, with a few research papers contributing the most to this average.