Others are of a more basic nature and provide a better understanding of the interaction between relevant variables; while yet others estimate and quantify these relationships or help assess the speed or extent to which a policy action may impact on relevant variables.
What is common to all of this work is that it lays the foundations, and builds the infrastructure, to a more informed policymaking and thus helps design better policies. A natural question that arises in this respect is why at the Central Bank? Should the economic advisor to the government be the Governor of the Central Bank?