Economic analysis and research
The Central Bank of Malta monitors and analyses economic and financial developments in Malta and abroad in support of the monetary policy of the Eurosystem and to inform economic policy making more generally.
The Economics and Research Department is responsible for preparing reports, policy papers, and publications on economic issues. In particular, the Department comments on recent economic and financial developments in Malta and abroad in the Quarterly Review and Annual Report. It also prepares a monthly Economic Update.
Furthermore, the Economics and Research Department analyses economic and financial developments in the euro area in preparation for the Governor's participation in meetings of the European Central Bank's (ECB) Governing Council and General Council.
The Department also prepares policy papers and statements on economic issues for the Governor, Deputy Governors, and Senior Management, as well as for the Government. The Department's staff meet on a regular basis with the National Statistics Office and economic sector groups to better gauge underlying developments in the economy. More in-depth economic research is carried out for internal use and as part of the European System of Central Banks' (ESCB) research programmes.
The Economics and Research Department produces macroeconomic and fiscal projections. It is also responsible for developing and maintaining the Bank's econometric model and other tools used for forecasting and simulation analysis, where the impact of economic shocks on key macroeconomic variables is assessed.