Content
2003
- 206 The rise in US household debt: assessing its causes and sustainability
by Sebastian Barnes & Garry Young - 205 Empirical determinants of emerging market economies' sovereign bond spreads
by Gianluigi Ferrucci - 204 The dynamics of consumers' expenditure: the UK consumption ECM redux
by Emilio Fernandez-Corugedo & Simon Price & Andrew Blake - 203 Analytics of sovereign debt restructuring
by Andrew G Haldane & Adrian Penalver & Victoria Saporta & Hyun Song Shin - 202 Credit spreads on sterling corporate bonds and the term structure of UK interest rates
by Jeremy Leake - 201 Debt maturity structure with pre-emptive creditors
by Prasanna Gai & Hyun Song Shin - 200 Estimating real interest rates for the United Kingdom
by Jens Larsen & Ben May & James Talbot - 199 Credit risk diversification: evidence from the eurobond market
by Simone Varotto - 198 Non-interest income and total income stability
by Rosie Smith & Christos Staikouras & Geoffrey Wood - 197 E-barter versus fiat money: will central banks survive?
by F H Capie & Dimitrios P Tsomocos & Geoffrey E Wood - 196 UK business investment: long-run elasticities and short-run dynamics
by Colin Ellis & Simon Price - 195 Forecasting inflation using labour market indicators
by Vincenzo Cassino & Michael Joyce - 194 A Merton-model approach to assessing the default risk of UK public companies
by Merxe Tudela & Garry Young - 193 Implicit interest rates and corporate balance sheets: an analysis using aggregate and disaggregated UK data
by Andrew Benito & John Whitley - 192 Capital stocks, capital services, and depreciation: an integrated framework
by Nicholas Oulton & Sylaja Srinivasan - 191 Endogenous price stickiness, trend inflation, and the New Keynesian Phillips curve
by Hasan Bakhshi & Pablo Burriel-Llombart & Hashmat Khan & Barbara Rudolf - 190 What caused the 2000/01 slowdown? Results from a VAR analysis of G7 GDP components
by Vincent Labhard - 189 Modelling investment when relative prices are trending: theory and evidence for the United Kingdom
by Hasan Bakhshi & Nicholas Oulton & Jamie Thompson - 188 The role of asset prices in transmitting monetary and other shocks
by Stephen P Millard & Simon J Wells - 187 Sovereign debt workouts with the IMF as delegated monitor - a common agency approach
by Prasanna Gai & Nicholas Vause - 186 Ready, willing, and able? Measuring labour availability in the UK
by Mark E Schweitzer - 185 What does economic theory tell us about labour market tightness?
by Andrew Brigden & Jonathan Thomas - 184 The effect of payments standstills on yields and the maturity structure of international debt
by Benjamin Martin & Adrian Penalver - 183 Capital flows to emerging markets
by Adrian Penalver - 182 Import prices and exchange rate pass-through: theory and evidence from the United Kingdom
by Valerie Herzberg & George Kapetanios & Simon Price - 181 Procyclicality and the new Basel Accord - banks' choice of loan rating system
by Eva Catarineu-Rabell & Patricia Jackson & Dimitrios P Tsomocos - 180 The role of expectations in estimates of the NAIRU in the United States and the United Kingdom
by Rebecca L Driver & Jennifer V Greenslade & Richard G Pierse - 179 A Kalman filter approach to estimating the UK NAIRU
by Jennifer V Greenslade & Richard G Pierse & Jumana Saleheen - 178 The impact of price competitiveness on UK producer price behaviour
by Colin Ellis & Simon Price - 177 The provisioning experience of the major UK banks: a small panel investigation
by Darren Pain - 176 Rational expectations and fixed-event forecasts: an application to UK inflation
by Hasan Bakhshi & George Kapetanios & Anthony Yates - 175 Equilibrium analysis, banking, contagion and financial fragility
by Dimitrios P Tsomocos - 174 Money market operations and volatility of UK money market rates
by Anne Vila Wetherilt - 173 Current accounts, net foreign assets and the implications of cyclical factors
by Matthieu Bussiere & Georgios Chortareas & Rebecca L Driver - 172 Public demand for low inflation
by Kenneth Scheve
2002
- 171 Leading indicators of balance-of-payments crises: a partial review
by Michael Chui - 170 Base rate pass-through: evidence from banks' and building societies' retail rates
by Paul Mizen & Boris Hofmann - 169 House prices, consumption, and monetary policy: a financial accelerator approach
by Kosuke Aoki & James Proudman & Gertjan Vlieghe - 168 Financial pressure and balance sheet adjustment by UK firms
by Andrew Benito & Garry Young - 167 The role of short-run inflation targets and forecasts in disinflation
by Lavan Mahadeva & Gabriel Sterne - 166 The role of corporate balance sheets and bank lending policies in a financial accelerator framework
by Simon Hall & Anne Vila Wetherilt - 165 Committees versus individuals: an experimental analysis of monetary policy decision-making
by Clare Lombardelli & James Proudman & James Talbot - 164 Understanding UK inflation: the role of openness
by Ravi Balakrishnan & J David Lopez-Salido - 163 Productivity versus welfare: or, GDP versus Weitzman's NDP
by Nicholas Oulton - 162 Factor utilisation and productivity estimates for the United Kingdom
by Jens Larsen & Katharine Neiss & Fergal Shortall - 161 Regulatory and 'economic' solvency standards for internationally active banks
by Patricia Jackson & William Perraudin & Victoria Saporta - 160 On gross worker flows in the United Kingdom: evidence from the Labour Force Survey
by Brian Bell & James Smith - 159 The implications of an ageing population for the UK economy
by Garry Young - 158 Soft liquidity constraints and precautionary saving
by Emilio Fernandez-Corugedo - 157 Financial liberalisation and consumers' expenditure: 'FLIB' re-examined
by Emilio Fernandez-Corugedo & Simon Price - 156 Equilibrium exchange rates and supply-side performance
by Gianluca Benigno & Christoph Thoenissen - 155 Monetary policy and stagflation in the UK
by Edward Nelson & Kalin Nikolov - 154 A monetary model of factor utilisation
by Katharine S Neiss & Evi Pappa - 153 Do changes in structural factors explain movements in the equilibrium rate of unemployment?
by Vincenzo Cassino & Richard Thornton - 152 How uncertain are the welfare costs of inflation?
by Hasan Bakhshi & Ben Martin & Tony Yates
2001
- 151 Other financial corporations: Cinderella or ugly sister of empirical monetary economics?
by K Alec Chrystal & Paul Mizen - 150 Financial accelerator effects in UK business cycles
by Simon Hall - 149 Monetary policy rules for an open economy
by Nicoletta Batini & Richard Harrison & Stephen P Millard - 148 UK inflation in the 1970s and 1980s: the role of output gap mismeasurement
by Edward Nelson & Kalin Nikolov - 147 Hard Times or Great Expectations?: Dividend omissions and dividend cuts by UK firms
by Andrew Benito & Garry Young - 146 Indicators of fragility in the UK corporate sector
by Gertjan W. Vlieghe - 145 Skill imbalances in the UK labour market: 1979-99
by Pablo Burriel-Llombart & Jonathan Thomas - 144 Costs of banking system instability: some empirical evidence
by Glenn Hoggarth & Ricardo Reis & Victoria Saporta - 143 Does it pay to be transparent? International evidence from central bank forecasts
by Georgios Chortareas & David Stasavage & Gabriel Sterne - 142 Band-pass filtering, cointegration, and business cycle analysis
by Luca Benati - 141 The fallacy of the fiscal theory of the price level, again
by Willem H. Buiter - 140 ICT and productivity growth in the United Kingdom
by Nicholas Oulton - 139 The United Kingdom's small banks' crisis of the early 1990s: what were the leading indicators of failure?
by Andrew Logan - 138 PPP and the real exchange rate-real interest rate differential puzzle revisited: evidence from non-stationary panel data
by Georgios E. Chortareas & Rebecca L. Driver - 137 Leading indicator information in UK equity prices: an assessment of economic tracking portfolios
by Simon Hayes - 136 Crisis costs and debtor discipline: the efficacy of public policy in sovereign debt crises
by Prasanna Gai & Simon Hayes & Hyun Song Shin - 135 Hybrid inflation and price level targeting
by Nicoletta Batini & Anthony Yates - 134 Consumption, money and lending: a joint model for the UK household sector
by K Alec Chrystal & Paul Mizen - 133 Stability of ratings transitions
by Pamela Nickell & William Perraudin & Simone Varotto - 132 Ratings versus equity-based credit risk modelling: an empirical analysis
by Pamela Nickell & William Perraudin & Simone Varotto - 131 The structure of credit risk: spread volatility and ratings transitions
by Rudiger Kiesel & William Perraudin & Alex Taylor - 130 The real interest rate gap as an inflation indicator
by Katharine S. Neiss & Edward Nelson - 129 Investment-specific technological progress in the United Kingdom
by Hasan Bakhshi & Jens Larsen - 128 'Oscillate Wildly': asymmetries and persistence in company-level profitability
by Andrew Benito - 127 Sticky prices and volatile output
by Martin Ellison & Andrew Scott - 126 New estimates of the UK real and nominal yield curves
by Nicola Anderson & John Sleath - 125 Assessing the impact of macroeconomic news announcements on securities prices under different monetary policy regimes
by Andrew Clare & Roger Courtenay
2000
- 124 Age structure and the UK unemployment rate
by Richard Barwell - 123 An analysis of the relationship between international bond markets
by Andrew Clare & Ilias Lekkos - 122 Direct effects of base money on aggregate demand: theory and evidence
by Edward Nelson - 121 Sovereign liquidity crises: analytics and implications for public policy
by Michael Chui & Prasanna Gui & Andrew G Haldane - 120 UK monetary policy 1972-97: a guide using Taylor rules
by Edward Nelson - 119 Optimal horizons for inflation targeting
by Nicoletta Batini & Edward Nelson - 118 How well does a limited participation model of the monetary transmission mechanism match UK data?
by Shamik Dhar & Stephen P Millard - 117 A limited participation model of the monetary transmission mechanism in the United Kingdom
by Shamik Dhar & Stephen P Millard - 116 Persistence and volatility in short-term interest rates
by Nikolaos Panigirtzoglou & James Proudman & John Spicer - 115 Trade credit and the monetary transmission mechanism
by Marion Kohler & Erik Britton & Tony Yates - 114 Testing the stability of implied probability density functions
by Robert R Bliss & Nikolaos Panigirtzoglou - 113 A small structural empirical model of the UK monetary transmission mechanism
by Shamik Dhar & Darren Pain & Ryland Thomas - 112 Inventory investment and cash flow
by Ian Small - 111 Liquidity traps: how to avoid them and how to escape them
by Willem H Buiter & Nikolaos Panigirtzoglou - 110 Imperfect competition and the dynamics of mark-ups
by Erik Britton & Jens D J Larsen & Ian Small - 109 The effects of increased labour market flexibility in the United Kingdom: theory and practice
by Stephen P Millard - 108 The sensitivity of aggregate consumption to human wealth
by Hasan Bakhshi - 107 Must the growth rate decline? Baumol's unbalanced growth revisited
by Nicholas Oulton - 106 Monetary policy surprises and the yield curve
by Andrew G Haldane & Vicky Read
1999
- 105 Caution and gradualism in monetary policy under uncertainty
by Ben Martin - 104 Openness and its association with productivity growth in UK manufacturing industry
by Gavin Cameron & James Proudman & Stephen Redding - 103 Inflation and real disequilibria
by Mark S Astley & Tony Yates - 102 Monetary stabilisation policy in a monetary union: some simple analytics
by Andrew Brigden & Charles Nolan - 101 Monetary policy loss functions: two cheers for the quadratic
by Jagjit Chadha & Philip Schellekens - 100 Money, credit and investment in UK corporate sector
by Andrew Brigden & Paul Mizen - 99 Should uncertain monetary policy-makers do less?
by Ben Martin & Chris Salmon - 98 The non-linear Phillips curve and inflation forecast targeting
by Eric Schaling - 97 To trim or not to trim? An application of a trimmmed mean inflation estimator to the United Kingdom
by Hasan Bakhshi & Tony Yates - 96 Uncertainty and Simple Monetary Policy Rules - An illustration for the United Kingdom
by Simon Hall & Chris Salmon & Tony Yates & Nicoletta Batini - 95 Price formation and transparency on the London Stock Exchange
by Victoria Saporta & Giorgio Trebeschi & Anne Vila - 94 Asset price reactions to RPI announcements
by M A S Joyce & V Read - 93 Business cycles and the labour market can theory fit the facts?
by Stephen Millard & Andrew Scott & Marianne Sensier - 92 Coalition formation in international monetary policy games
by Marion Kohler - 91 Forward-looking rules for monetary policy
by Nicoletta Batini & Andrew G Haldane - 90 Bank capital and risk taking
by Alistair Milne & A Elizabeth Whalley
1998
- 89 Optimal currency areas and customs unions: are they connected?
by Marion Kohler - 88 Incentive schemes for central bankers under uncertainty: inflation targets versus contracts
by Eric Schaling & Marco Hoeberichts & Sylvester Eijffinger - 87 Why has the female unemployment rate fallen so much in Britain?
by Phil Evans - 86 Shoe-leather costs reconsidered
by Jag Chadha & Andrew Haldane & Norbert Janssen - 85 Exchange rates and prices: sources of sterling real exchange rate fluctuations 1973-94
by Mark S Astley & Anthony Garratt - 84 Averaging in a framework of zero reserve requirements: implications for the operation of monetary policy
by Haydn Davies - 83 The demand for M0 in the United Kingdom reconsidered: some specification issues
by Norbert Janssen - 82 Downward nominal rigidity and monetary policy
by Anthony Yates - 81 Are UK inflation expectations rational?
by Hasan Bakhshi & Anthony Yates - 80 Are there downward nominal rigidities in product markets?
by Simon Hall & Anthony Yates - 79 Bank Capital and Value at Risk
by Patricia Jackson & David Maude & William Perraudin - 78 Some costs and benefits of price stability in the UK
by Hasan Bakhshi & Andrew Haldane & Neal Hatch - 77 Productivity convergence and international openness
by Stephen Redding & James Proudman - 76 Electronic versus open outcry markets: The case of the Bund futures contract
by Francis Breedon & Allison Holland
1997
- 75 The Information Content of the Inflation Term Structure
by Francis Breedon & Jag Chadha - 74 Some Issues in Inflation Targeting
by Andrew Haldane - 73 Deconstructing Growth in UK Manufacturing
by Gavin Cameron & James Proudman & Stephen Redding - 72 The cyclicality of Mark-ups and Profit Margins: Some Evidence for Manufacturing and Services
by Ian Small - 71 The effects of Stamp Duty on the Level and Volatility of Equity Prices
by Victoria Saporta & Kamhon Kan - 70 The Determinants of Successful Financial Innovation: an Empirical Analysis of Futures Innovation on LIFFE
by Jo Corkish & Allison Holland & Anne Fremault Vila - 69 Agency Incentives and Reputational Distortions: a Comparison of the Effectiveness of Value-at-Risk and Pre-commitment in Regulating Market Risk
by Arupratan Daripa & Simone Varotto - 68 The Industrial Impact of Monetary Policy Shocks: Some Stylised Facts
by Joe Ganley & Chris Salmon - 67 How do UK companies set prices?
by Simon Hall & Mark Walsh & Anthony Yates - 66 Implied risk-neutral probability density functions from option prices: theory and application
by Bhupinder Bahra - 65 Real Interest Rate Linkages: Testing for Common Trends and Cycles
by Darren Pain & Ryland Thomas - 64 Persistence and Mobility in International TradeName: James Proudman
by Stephen Redding - 63 Is International Openness associated with faster economic growth?
by James Proudman & Stephen Redding & Marco Bianchi - 62 The Demand for M4: A Sectoral Analysis Part 2 The Corporate Sector
by Ryland Thomas - 61 The Demand for M4: A Sectoral Analysis. Part 1 - The Personal Sector
by Ryland Thomas - 60 Testing the predictive power of dividend yields: non-parametric evidence from the G5
by Francis Breedon & Marco Bianchi & Darren Sharma - 59 Which Inter-dealer Market Prevails? An analysis of inter-dealer trading in opaque markets
by Victoria Saporta - 58 The determinants of UK business cycles
by Allison Holland & Andrew Scott
1996
- 57 Why do the LIFFE and DTB bund futures contracts trade at different prices?
by Francis Breedon - 56 Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets
by Lars E O Svensson - 55 The information content of the short end of the term structure of interest rates
by Marco Rossi - 54 Monetary Policy Uncertainty and Central Bank Accountability
by Charles Nolan & Eric Schaling - 53 What Determines the Short-run Output-Inflation Trade-off?
by Anthony Yates & Bryan Chapple - 52 Feasible Mechanisms for Achieving Monetary Stability: a Comparison of Inflation Targeting and the ERM
by Matthew B Canzoneri & Charles Nolan & Anthony Yates - 51 UK Asset Price Volatility Over the Last 50 Years
by Nicola Anderson & Francis Breedon - 50 Unemployment persistence: Does the size of the shock matter?
by Marco Bianchi & Gylfi Zoega - 49 Independence and Accountability
by Clive Briault & Andrew Haldane & Mervyn King - 48 The Construction of the Bank's new UK Commodity Price Index
by Andrew Logan & Lucy O'Carroll - 47 Measurement Bias in Price Indices: An Application to the UK's RPI
by Alastair Cunningham - 46 A Market for Intra-day Funds: Does it Have Implications for Monetary Policy?
by Spencer Dale & Marco Rossi - 45 Base Money Rules in the UK
by Andy Haldane & Bennett McCallum & Chris Salmon - 44 A Comparison of Methods for Seasonal Adjustment of the Monetary Aggregates
by Marco Bianchi - 43 International Bank Lending to LDCs - an Information-Based Approach
by Prasanna Gai - 42 Bidding and Information: Evidence from Gilt-Edged Auctions
by Francis Breedon & Joe Ganley
1995
- 41 Optimal Commitment in an Open Economy: Credibility vs. Flexibility
by Sylvester Eijffinger & Eric Schaling - 40 Rules, Discretion and the United Kingdom's New Monetary Framework
by Andrew G Haldane - 39 Valuation of underwriting agreements for UK rights issues: evidence from the traded option market
by Francis Breedon & Ian Twinn - 38 The Microstructure of the UK gilt market
by James Proudman - 37 Wage Interactions: Comparisons or Fall-back Options?
by Jennifer Smith - 36 Testing for convergence: evidence from non-parametric multimodality tests
by Marco Bianchi - 35 Money as an Indicator
by Mark S Astley & Andrew G Haldane - 34 How Cyclical is the PSBR?
by Joanna Paisley & Chris Salmon - 33 Granger causality tests in the presence of structural changes
by Marco Bianchi - 32 An assessment of the relative importance of real interest rates, inflation and term premia in determining the prices of real and nominal UK bonds
by David Barr & Bahram Pesaran - 31 Measuring Core Inflation
by Danny Quah & Shaun Vahey - 30 Modelling UK Inflation Uncertainty: The Impact of News and the Relationship with Inflation
by Mike Joyce - 29 Pricing Deposit Insurance in the United Kingdom
by David Maude & William Perraudin - 28 The Construction of RPIY
by Roger Beaton & Paul Fisher
1994
- 27 Inflation, inflation risks and asset returns
by Jo Corkish & David Miles - 26 New currencies in the Former Soviet Union: a recipe for hyperinflation or the path to price stability
by Chris Melliss & Mark Cornelius - 25 Potential credit exposure on interest rate swaps
by Ian Bond & Gareth Murphy & Gary Robinson - 24 Estimating the Term Structure of Interest Rates
by Mark Deacon & Andrew Derry - 23 Deriving Estimates of Inflation Expectations from the Prices of UK Government Bonds
by Mark Deacon & Andrew Derry - 22 A Model of Building Society Interest Rate Setting
by Joanna Paisley
1993
- 21 An Empirical Analysis of M4 in the United Kingdom
by Paul Fisher & Juna Vega - 20 M0: Causes and Consequences
by Francis Breedon & Paul Fisher - 19 The Effect of Futures Trading on Cash Market Volatility: Evidence from the London Stock Exchange
by Gary Robinson - 18 Interest rates and the channels of monetary transmission: some sectoral estimates
by Spencer Dale & Andrew Haldane - 17 Interest rate control in a model of monetary policy
by Spencer Dale & Andrew Haldane - 16 The Statistical Distribution of Short-Term Libor Rates Under Two Monetary Regimes
by Bahram Pesaran & Gary Robinson - 15 Tradable and non-tradable prices in the UK and EC: measurement and explanation
by C L Melliss - 14 House prices, arrears and possessions: A three equation model for the UK
by F J Breedon & M A S Joyce - 13 Temporary cycles or volatile trends? Economic fluctuations in 21 OECD economies
by Gabriel Sterne & Tamim Bayoumi - 12 Regional Trading Blocs, Mobile Capital and Exchange Rate Co-ordination
by Gabriel Sterne & Tamim Bayoumi - 11 Tax Specific Term Structures of Interest Rates in the UK Government Bond Market
by Andrew Derry & Mahmood Pradhan - 10 The effect of changes in official UK rates on market interest rates since 1987
by Spencer Dale - 9 Divisia Indices for Money: An Appraisal of Theory and Practice
by Paul Fisher & Suzanne Hudson & Mahmood Pradhan
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