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Quarterly Bulletin
Spring 2003 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 (1.7M).
 
Summary
Recent economic and financial developments
Markets and operations (201k)
Box on UK life insurance companies
Box on components of the Bank of England's balance sheet
Research and analysis
Market-based estimates of expected future UK output growth (77k)
Monetary policy and the zero bound to nominal interest rates (93k)
The measurement of house prices (81k)
Box on hedonic regressions
 
Summaries of recent Bank of England working papers (251k)
House prices, consumption, and monetary policy: a financial accelerator approach
Base rate pass-through: evidence from banks' and building societies' retail rates
 Leading indicators of balance-of-payments crises: a partial review
Public demand for low inflation
Current accounts, net foreign assets and the implications of cyclical factors
Money market operations and volatility of UK money market rates
Equilibrium analysis, banking, contagion and financial fragility
Rational expectations and fixed-event forecasts: an application to UK inflation
The provisioning experience of the major UK banks: a small panel investigation
The impact of price competitiveness on UK producer price behaviour
A Kalman filter approach to estimating the UK NAIRU
The role of expectations in estimates of the NAIRU in the United States and the United Kingdom
Procyclicality and the new Basel Accord-banks' choice of loan rating system
Reports
Report on modelling and forecasting at the Bank of England (173k)
Bank's response to the Pagan Report (36k)
The Bank's regional Agencies (65k)
Box on an historical perspective
A review of the work of the London Foreign Exchange Joint Standing Committee in 2002 (50k)

Speeches

Speech at the Chartered Institute of Bankers in Scotland Biennial Dinner
Speech by the Governor, given in Glasgow on 20 January 2003

Economists and the real world (146k)
Speech by Charles Bean, Chief Economist, to commemorate a century of economics teaching at the London School of Economics, given on 29 January 2003

Adjusting to low inflation - issues for policy-makers
(196k)
Speech by Kate Barker, member of the Bank's Monetary Policy Committee, delivered at the Manchester Statistical Society Meeting, on 18 February 2003

Six months on the MPC: a reflection on monetary policy
(122k)
Speech by Marian Bell, member of the Bank's Monetary Policy Committee, delivered to the CBI South East in Crawley, Sussex, on 9 December 2002

House prices, household debt and monetary policy
(109k)
Speech by Stephen Nickell, member of the Bank's Monetary Policy Committee, given at a private dinner for Glasgow Agency contacts, on 11 December 2002

Volume 43 Number 1

Back to 2003

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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