This paper describes the Czech National Bank’s experience with the implementation of a new research model, which was motivated by a weakened link between research outputs and their application. The changes implemented in 2017 represented a next step in the evolution of the Czech National Bank’s research process and have helped increase the relevance of research outputs and the flexibility of the whole process. The paper also summarizes the remaining challenges under the new research model and describes the implementation of project management in the financial research area.
JEL Codes: A1, A3
Keywords: Central banking, Czech National Bank, challenges, project management, research model
Issued: July 2020
Download: RPN No. 1/2020 (pdf, 423 kB)