The costs of acquiring data can be minimized if data are collected early on and, ideally, if data needs are considered when drafting new legislation. Notwithstanding the key importance of ensuring strict data confidentiality, broad use of the available data will help to improve the quality of evaluations.
Managing incentives: Ultimately, policy evaluations will be used routinely only if the right incentives for conducting them are in place. Administrations can be incentivized to conduct 5/7  BIS central bankers' speeches  evaluations through institutional structures which are conducive to evaluations and legal mandates to evaluate policies.