Quarterly Bulletin
Summer 2001 Contents

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(1.6M).

Summary

Recent economic and financial developments

Markets and operations (437k)
Box on comparison of survey and market interest rate expectations
Box on hedge fund activity in the foreign exchange market

Reports

The Bank of England inflation attitudes survey (57k)

The London Foreign Exchange Joint Standing Committee: a review of 2000 (46k)

Over-the-counter interest rate options (96k)
Box on types of interest rate option

Research and analysis

Explaining the difference between the growth of M4 deposits and M4 lending: implications of recent developments in public finances (74k)
Box on the cash flows involved in a government receipt of £100 million under both cash management arrangements

Using surveys of investment intentions (79k)

Can differences in industrial structure explain divergences in regional economic growth? (74k)

Has there been a structural improvement in US productivity? (85k)

Summaries of recent Bank of England working papers

Sticky prices and volatile output (27k)

'Oscillate Wildly': asymmetries and persistence in company-level productivity (28k)

Investment-specific technological progress in the United Kingdom (26k)

The real interest rate gap as an inflation indicator
(28k)

The structure of credit risk: spread volatility and ratings transactions (25k)

Ratings versus equity-based credit risk modelling: an empirical analysis (26k)

Stability of ratings transitions (24k)

Consumption, money and lending: a joint model for the UK household sector (28k)

Hybrid inflation and price level targeting (26k)

Crisis costs and debtor discipline: the efficacy of public policy in sovereign debt crises (23k)

Leading indicator information in UK equity prices: an assessment of economic tracking portfolios (25k)

Summaries of recent External MPC Unit discussion papers

Core inflation in the United Kingdom (26k)

Speeches

International efforts to improve the functioning of the global economy
Speech by the Governor, given to the Swiss Institute of International Studies at the University of Zurich on 7 May 2001

Monetary stability as a foundation for sustained growth
Speech by Ian Plenderleith, Executive Director and member of the Bank's Monetary Policy Committee, given at the National Association of Pension Funds Investment Conference on 14 March 2001

The 'new economy': myths and realities (101k)
Speech by Sushil B Wadhwani, member of the Bank's Monetary Policy Committee, given as the Travers Lecture at London Guildhall University on 20 March 2001

The impact of the US slowdown on the UK economy
Speech by Sushil B Wadhwani, delivered on the Bank of England's North East Agency contacts in Newcastle on 22 February 2001

Volume 41 Number 2

Quarterly Bulletin Summer 2001 Contents

Quarterly Bulletin
Summer 2001 Contents