ADVERTISEMENT

Negative Rates, Unconventional Tools Top BOE’s Research Agenda

Negative Rates, Unconventional Tools Top BOE’s Research Agenda

Negative interest rates and unconventional monetary policy tools are among the Bank of England’s priorities for analysis in the coming years.

The BOE said it will seek collaboration especially from fields outside of economics, including data science and epidemiology, as it laid out its research agenda Tuesday.

Future investigations will focus on five key areas -- the monetary toolkit, the open economy, prudential framework, the future of finance and the transformed world.

Other topics include:

  • The impact of Brexit and Covid-19 on trade
  • Digital currencies
  • The implications of machine learning and artificial intelligence on the financial system
  • Evaluating the financial risks from climate change
  • The effect of shocks such as the coronavirus pandemic and increasing automation

“Here we focus on the key questions which we think define the new directions for research for central banks,” Governor Andrew Bailey wrote. “This agenda shapes not only the research that we do but also the data we seek to acquire and the intellectual capital we seek to invest in.”

©2020 Bloomberg L.P.