Small is beautiful but large is not to be belittled: Reply

S.C.W. Eijffinger, J. de Haan, K. Koedijk

Research output: Contribution to JournalComment / Letter to the editorAcademic


We appreciate that the Italian central bank has been able to provide the requested information for our comparison of the research output of European central banks. Based on this information, the ranking of the Italian central bank improves considerably. Still, many small central banks have a better research performance than the Banca d'Italia and, after recomputation, our previous conclusion that "small is beautiful" is not compromised. © 2003 Elsevier B.V. All rights reserved.
Original languageEnglish
Pages (from-to)905-907
JournalEuropean Journal of Political Economy
Issue number4
Publication statusPublished - 2003
Externally publishedYes

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