Mark Carney: One Bank Research Agenda – Launch Conference Opening remarks by Mr Mark Carney, Governor of the Bank of England and Chairman of the Financial Stability Board, at the Launch Conference for the Bank of England’s One Bank Research Agenda, London, 25 February 2015. *  *  *  I am delighted to open the Launch Conference for the Bank of England’s One Bank Research Agenda – an ambitious and wide-ranging framework to transform the way research is done at the Bank. The Agenda aims to improve the coordination of our research across all policy areas, to make the best use of our data, and to cultivate an extensive research community that spans the Bank and beyond. The Bank of England has a single timeless mission: to promote the good of the people of the United Kingdom by maintaining monetary and financial stability. To borrow from Keynes, to deliver that mission we must study the present in the light of the past for the purposes of the future. And we must do more. Our default cannot be Keynes’ “madmen in authority… distilling their frenzy from some academic scribbler of a few years back”. 1 We need contemporaneous and open collaboration between researchers and policymakers. This will require both changes to our research focus such as developing a deeper understanding of the interrelationships between microprudential, macroprudential and monetary policies as well as changes to the way that we perform research at the Bank, including the development of a more open, permeable and policy-driven approach.
By focussing on a clear set of research priorities, by opening up our datasets, and by creating tighter links between policymakers and researchers, both within the Bank and across the broader research community, we can all help advance the Bank’s mission – promoting the good of the people of the United Kingdom. Thank you. BIS central bankers’ speeches  5