There is no single formula for this but there are some necessary conditions for doing good research: (i)  First, there must be support from the top, and in our case from the central bank governors. Without this  support, any attempt to build a good research department will most likely fail.
For example, Mario Draghi spoke at the German Bundestag a few weeks ago. And you? I try to exchange views with different people as often as I can. For example, I’ve been to events for German small and medium-sized enterprises, and I take part in a lot of panels.