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Quarterly Bulletin
2007 Q3 Contents

Each article is available as a separate pdf file; click on the appropriate title to access the relevant file. Alternatively you may download the complete issue (4.8mb).
   
Summary
   
Recent economic and financial developments

Markets and operations (1.2mb)
Box - ABCP-funded vehicles
Box - Recent rise in Libor rates
Box - Contingency planning in the 'Red Book'

   
Research and analysis

Extracting a better signal from uncertain data (730k)
Box - Past revisions to the United Kingdom's National Accounts as an indicator of current uncertainty

Interpreting movements in broad money (638k)
Box - Examples of money demand and money supply shocks in the 1980s

The Bank of England Credit Conditions Survey (417k)

Proposals to modify the measurement of broad money in the United Kingdom: a user consultation (521k)
Box - History of UK broad money aggregates
Box - Current definitions of broad money in four major economies
Box - Examples of effects of securitisation SPVs on monetary aggregates

Summaries of recent Bank of England working papers (204k)
Asset pricing implications of a New Keynesian model

A model of market surprises

Cash-in-the-market pricing and optimal resolution of bank failures

The impact of yuan revaluation on the Asian region

Escaping Nash and volatile inflation

Wage flexibility in Britain: some micro and macro evidence

   
Speeches

The Governor's speech to CBI Wales/CBI Cymru, Cardiff (204k)
Given on 11 June 2007

The Governor's speech at the Mansion House (156k)
Given on 20 June 2007

London, money and the UK economy (735k)
Speech by Sir John Gieve, Deputy Governor for financial stability, given at the University of Surrey , Guildford on 26 June 2007

Uncertainty, policy and financial markets (767k)
Speech by Sir John Gieve, Deputy Governor for financial stability, given at the Barbican Centre on 24 July 2007

Central banking and political economy: the example of the United Kingdom's Monetary Policy Committee (269k)
Speech by Paul Tucker, Executive Director for Markets and Monetary Policy Committee member, given at the Inflation Targeting, Central Bank Independence and Transparency Conference, University of Cambridge on 15 June 2007
Promoting financial system resilience in modern global capital markets: some issues (349k)
Speech by Nigel Jenkinson, Executive Director, Financial Stability and Mark Manning, Senior Manager, Financial Stability, given at the conference 'Law and economics of systemic risk in finance', University of St. Gallen, Switzerland on 29 June 2007
UK monetary policy: good for business? (674k)
Speech by Andrew Sentance, member of the Monetary Policy Committee, at an event hosted by Dow Jones at Tower 42, London on 10 July 2007
Consumption and interest rates (487k)
Speech by Professor Tim Besley, member of the Monetary Policy Committee, given at a discussion meeting held by the Centre for Economic Policy Research, Chartered Accountants' Hall on 19 July 2007

Back to 2007

Related Links
  • Inflation Report
    Sets out the detailed economic analysis and inflation projections on which the Bank's Monetary Policy Committee bases its interest rate decisions, and presents an assessment of the prospects for UK inflation over the following two years.
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