Quarterly Bulletin
Autumn 2003 Contents

Markets and operations (292k)
Box on issuance of HM Government US dollar bond
Box on adjustments to the Bank's official operations in the sterling money markets

Trends in households' aggregate secured debt (92k)
Box on structure of model

Public expectations of UK inflation (92k)

Non-employment and labour availability (116k)

The information content of regional house prices: can they be used to improve national house price forecasts?
(104k)

Balance sheet adjustment by UK companies (104k)

Implicit interest rates and corporate balance sheets: an analysis using aggregate and disaggregated UK data

A Merton-model approach to assessing the default risk of UK public companies

Forecasting inflation using labour market indicators

UK business investment: long-run elasticities and short-run dynamics

E-barter versus fiat money: will central banks survive?

Non-interest income and total income stability

Credit risk diversification: evidence from the eurobond market

Inflation targeting and the fiscal policy regime: the experience in Brazil (104k)

The optimal rate of inflation: an academic perspective
(80k)

The EU Financial Services Action Plan: a guide
(100k)
Box on a Single Market in Financial Services: estimating the benefits
Box on FSAP measures
Box on the Lamfalussy process
Box on market experts' views about the FSAP

Credit conditions and monetary policy (230k)
Speech by Paul Tucker, executive director of the Bank of England and member of the Monetary Policy Committee, given to the Leeds Financial Services Initiative on 28 August 2003