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Quarterly Bulletin
2007 Q4 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 (6.2mb).
   
Summary
   
Recent economic and financial developments

Markets and operations (1.8mb)
Box - An indicative decomposition of Libor spread
Box - Supply of reserves and the liquidity support facility to Northern Rock
Box - The work of the Money Market Liaison Group in 2007

   
Research and analysis

Household debt and spending: results from the 2007 NMG Research survey (521k)
Box - Aggregating the change in mortgage repayments in the survey
Box - Survey method
The raw survey data are available in Excel format (1.7mb)

The macroeconomic impact of higher energy prices on the UK economy (670k)

Decomposing corporate bond spreads (1.5mb)

Summaries of recent Bank of England working papers (204k)
Investment adjustment costs: evidence from UK and US industries

Labour market institutions and aggregate fluctuations in a search and matching model

Using copulas to construct bivariate foreign exchange distributions with an application to the sterling exchange rate index

Business cycle fluctuations and excess sensitivity of private consumption

A state space approach to extracting the signal from uncertain data

   
Report
The foreign exchange and over-the-counter derivatives markets in the United Kingdom (606k)
 

Box - BIS triennial survey and the Foreign Exchange Joint Standing Committee survey
Box - Definitional issues

   
Speeches

The Governor's speech in Northern Ireland (163k)
Given at the Northern Ireland Chamber of Commerce and Industry, Belfast on 9 October 2007

Current monetary policy issues (244k)
Speech by Rachel Lomax, Deputy Governor for monetary policy, delivered to Hull & Humber Chamber of Commerce at KC Football Stadium, Hull on 22 November 2007
The global economy and UK inflation (530k)
Speech by Andrew Sentance, member of the Monetary Policy Committee, given at the Leeds office of RSM Bentley Jennison, in association with the Leeds Financial Services Initiative on
24 September 2007
Trends in European labour markets and preferences over unemployment and inflation (653k)
Speech by Professor David Blanchflower, member of the Monetary Policy Committee, given at the Dresdner Kleinwort Seminar on European Labour Markets and Implications for Inflation and Policy on 27 September 2007
Fear, unemployment and migration (457k)
Esmée Fairbairn Memorial Lecture, delivered by Professor David Blanchflower, member of the Monetary Policy Committee, at Lancaster University on 30 October 2007
Risk, uncertainty and monetary policy (532k)
Speech by Charlie Bean, Executive Director, Chief Economist and member of the Monetary Policy Committee, at an event hosted by Dow Jones at the City Club, London on 31 October 2007
New markets and new demands: challenges for central banks in the wholesale market infrastructure (257k)
Speech by Nigel Jenkinson, Executive Director for financial stability, delivered at the Bank of England/European Central Bank Conference on Payments and Monetary and Financial Stability on 12 November 2007
A tale of two shocks: global challenges for UK monetary policy (614k)
Speech by Andrew Sentance, member of the Monetary Policy Committee, at the University of Warwick City Alumni Group, London on 27 November 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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