Small is beautiful but large is not to be belittled: reply |
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| Authors: | Sylvester C W Eijffinger Jakob de Haan Kees Koedijk |
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| Institution: | a Center, Tilburg University, P.O. Box 90153, 5000 LE, Tilburg, The Netherlands;b CEPR, London, UK;c CESifo, Munich, Germany;d Department of Economics, University of Groningen, P.O. Box 800, 9700 AV, Groningen, The Netherlands;e Rotterdam School of Management, Erasmus University Rotterdam, P.O. Box 1738, 3000 DR, Rotterdam, The Netherlands |
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| Abstract: | We appreciate that the Italian central bank has been able to provide the requested information for our comparison of the research output of European central banks. Based on this information, the ranking of the Italian central bank improves considerably. Still, many small central banks have a better research performance than the Banca d'Italia and, after recomputation, our previous conclusion that “small is beautiful” is not compromised. |
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| Keywords: | Central banks Research |
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