The Bank of England has been publishing Staff Working Papers (SWPs) for almost 30 years, with the first one published in 1992. A total of 74 SWPs were published last year, the highest number since the series began.
In our 2014 strategic plan, we pledged to deliver analytical excellence and to investigate a wider range of issues in our research. We aimed to draw on new methods, alternative data sources and different perspectives beyond orthodox macroeconomics.
Since then, the number of SWPs we publish annually has doubled and they now address a broader range of topics within economics. To measure the diversity of Bank research, we have analysed the Journal of Economic Literature (JEL) classification codes attached to SWPs.
Chart A shows the distribution of SWPs by JEL category. Before 2014, the most common primary JEL category assigned to our SWPs was Macroeconomics and Monetary Economics.