The Deputy Governor considers the link between research and policy in three areas of particular interest to the Bank: money, EMU, and regulation of the financial system. In each case, he outlines a range of questions that have preoccupied the Bank and the consequent research conducted by its staff. He argues that research can help to find answers to the questions, even if, in the end, there will still be political judgments to be made.
Research and policy at the Bank of England: the things we’d like to know but never dare ask