The Bank of England has announced the recipients of its Early Career Faculty awards for 2025, a programme that provides funding and access to the Bank's researchers and data for academics at the beginning of their careers who are working on questions of relevance to the Bank's mission.

The awards, which were established in 2018, have become one of the most sought-after forms of support for young researchers in economics and finance. Recipients receive funding for their research, access to the Bank's data and analytical resources, and the opportunity to work with the Bank's research staff. Several previous recipients have gone on to become leading figures in their fields.

The 2025 awards have been made to researchers working on a diverse range of topics, including the effects of artificial intelligence on labour markets, the transmission of monetary policy through the housing market, the implications of climate change for financial stability, and the measurement of economic inequality using new data sources.

The Bank's chief economist said the awards were an investment in the future of economic research and in the Bank's ability to understand the economy it was responsible for managing. "The questions we face are too complex for any one institution to answer alone," he said. "These awards help us to build the relationships and the knowledge we need to do our job well."

Early Career Faculty (ECF) 2025 Awards
Photo: Created/published: Paris : Romanet & Cie., imp. edit / Wikimedia Commons (Public domain)

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