External MPC Unit Discussion Papers
These papers report on research carried out by, or under the supervision of, the external members of the Monetary Policy Committee and their economic staff. Papers are made available as soon as practicable in order to share research results and stimulate further discussion of key policy issues. Their publication is authorised by the MPC member who commissioned the research. However, the views expressed are those of the author(s) and do not represent the views of the Bank of England or necessarily the views of external members of the Monetary Policy Committee.
| July 2009 | Discussion Paper No 28 International Comovements, Business Cycle and Inflation:
a Historical Perspective (319k)By Haroon Mumtaz, Saverio Simonelli and Paolo Surico |
| June 2009 |
Discussion Paper No 27 |
| December 2008 | Discussion Paper No 26 Monetary Policies and Low-Frequency Manifestations of the Quantity Theory (1.3Mb) Thomas J Sargent and Paolo Surico |
| October 2008 | Discussion Paper No 25 Household External Finance and Consumption (388k) Timothy Besley, Neil Meads and Paolo Surico (An earlier version of this paper was published on 18 February alongside a speech by Timothy Besley) |
| July 2008 | Discussion Paper No 24 |
| March 2008 | Discussion Paper No 23 |
| February 2008 | Discussion Paper No. 22 Has trade with China affected UK inflation? (399k) Tracy Wheeler |
| January 2008 | Discussion Paper No. 21 The Behaviour of the MPC: Gradualism, Inaction and Individual Voting Patterns (607k)Charlotta Groth and Tracy Wheeler |
| December 2007 | Discussion Paper No. 20 Insiders versus Outsiders in Monetary Policy-Making (162k)Timothy Besley, Neil Meads and Paolo Surico News Release |
| December 2007 | Discussion Paper No. 19 Monetary Policy and Data Uncertainty: A Case Study of Distribution, Hotels and Catering Growth (280k)Lavan Mahadeva |
| October 2007 | Discussion Paper No. 18 Vector Autoregression Analysis and the Great Moderation (252k)Luca Benati and Paolo Surico |
| April 2007 |
Discussion Paper No. 17 The Impact of the Recent Migration from Eastern Europe on the UK Economy (300k)David G. Blanchflower, Jumana Saleheen and Chris Shadforth |
| Nov 2006 |
Discussion Paper No.16 Diverging Trends in Aggregate and Firm–Level Volatility in the UK (134k)by Miles Parker |
| Dec 2005 |
Discussion Paper No.15 Do Financial Markets React to Bank of England Communication? (345k)Rachel Reeves and Michael Sawicki |
| May 2005 |
Discussion Paper No.14 National Accounts Revisions and Output Gap Estimates in a Model of Monetary Policy with Data Uncertainty (342k)Lavan Mahadeva and Alex Muscatelli |
| May 2003 |
Discussion Paper No.13 UK Consumers' Habits (465k)Ryan Banerjee and Nicoletta Batini |
| April 2003 |
Discussion Paper No.12 Measuring The UK Short-Run NAIRU (383k)Nicoletta Batini and Jennifer Greenslade |
| October 2002 |
Discussion Paper No.11 The Exchange Rate and Inflation in the UK (297k)Amit Kara and Edward Nelson |
| October 2002 |
Discussion Paper No.10 Macroeconomic Policy Rules in Theory and in Practice (120k)Christopher Allsopp |
| April 2002 |
Discussion Paper No.9 The Pricing Behaviour of UK Firms (236k)Nicoletta Batini, Brian Jackson and Stephen Nickell |
| March 2002 |
Discussion Paper No.8 Too Much Too Soon: Instability and Indeterminacy with Forward-Looking Rules (237k)Nicoletta Batini and Joseph Pearlman |
| February 2002 |
Discussion Paper No.7 The Future of Macroeconomic Policy in the European Union (123k)Christopher Allsopp |
| October 2001 |
Discussion Paper No.6 The Lag from Monetary Policy Actions to Inflation: Friedman Revisited (73k)Nicoletta Batini and Edward Nelson |
| October 2001 |
Discussion Paper No.5 Monetary Policy for an Open Economy: An Alternative Framework with Optimising Agents and Sticky Prices (649k)Bennett T. McCallum and Edward Nelson |
| May 2001 |
Discussion Paper No.4 A Disaggregated Approach To Modelling UK Labour Force Participation (94k)By Joanne Cutler And Kenny Turnbull |
| March 2001 |
Discussion Paper No.3 Core Inflation in the UK (451k)Joanne Cutler |
| November 2000 |
Discussion Paper No.2 Inflation Dynamics and the Labour Share in the UK (181k)Nicoletta Batini, Brian Jackson and Stephen Nickell |
| September 2000 |
Discussion Paper No.1 Monetary Conditions Indices for the UK: A Survey (492k)Nicoletta Batini and Kenny Turnbull |
