Quarterly Bulletin
Winter 2005 Contents

Markets and operations (1.3mb)
Box on interest rate expectations from overnight swap rates
Box on interpreting long-term forward rates
Box on commercial bills at the Bank of England

Introducing the Agents' scores (708k)

Do financial markets react to Bank of England communication? (294k)

Financial stability, monetary stability and public policy (151k)

Share prices and the value of workers (400k)
Box on the theoretical structure of the model

Stabilising short-term interest rates (594k)

Wealth and consumption: an assessment of the international evidence

Corporate expenditures and pension contributions: evidence from UK company accounts

When is mortgage indebtedness a financial burden to British households? A dynamic probit approach

Misperceptions and monetary policy in a New Keynesian model

Monetary policy and private sector misperceptions about the natural level of output

A quality-adjusted labour input series for the United Kingdom (1975-2002)

Monetary policy and data uncertainty

Stress tests of UK banks using a VAR approach

Measuring investors’ risk appetite

The Governor's speech to the CBI North East annual dinner (96k)
Delivered on 11 October 2005 in Gateshead

UK monetary policy: the international context (81k)
Speech by Rachel Lomax, Deputy Governor responsible for monetary policy and member of the Monetary Policy Committee, delivered at the APCIMS Annual Conference on 17 October 2005
Accompanying PowerPoint slides (542k)

Economic stability and the business climate (183k)
Speech by Kate Barker, member of the Monetary Policy Committee, delivered at the Managing Directors’ Club, Sheffield University on 24 November 2005

Challenging times for monetary policy (100k)
Speech by Richard Lambert, member of the Monetary Policy Committee, delivered at the NAPF meeting in Belfast on 19 October 2005

Monetary policy challenges facing a new MPC member (196k)
Speech by David Walton, member of the Monetary Policy Committee, given at a lunch with the Exeter Business Community on 16 September 2005