BIS Review 57/2009  5  The ECB always produces its own analysis, and in a way has preferential access to the Council agenda, but the ECB analysis is tested against the analysis prepared in each of the national central banks and the judgment of the members from the Governing Council. One must also remember that the implementation of monetary policy is decentralised.
Hence, you are all invited to engage! [13] What are the key lessons that we can take away from these examples of evidence-based policy? What are the elements of a good evaluation process? Institutional knowledge and methodological diversity are the basis for good policy evaluations. Sound, evidence-based policy making needs to be based on a range of studies and methods.