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Home > Research > Michael A S Joyce

Michael A S Joyce

Directory of Economists
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Michael JoyceAdviser
Currently on secondment to the ECB

Current Areas of Interest:

Asset pricing
Financial Markets


Contact Information:
Email Michael

BSc and MSc, Economics, London School of Economic

Professional Experience
Bank of England, 1989 to present

Selected Publications:

Quantitative easing and unconventional monetary policy – an introduction
M Joyce, D. Miles, A. Scott and D. Vayanos,
The Economic Journal, November 2012, Vol. 122 No.564, pages F271-288 

QE and the gilt market: a disaggregated analysis
M Joyce and M Tong
The Economic Journal, November 2012, Vol. 122, pages F348-384.

The financial market impact of quantitative easing in the United Kingdom  (748KB)
M Joyce, A Lasaosa, M Tong and I Stevens
International Journal of Central Banking, September 2011 7(3), pages 113-61 (Also Bank of England Working Paper No 393, 2010)

Extracting inflation expectations and inflation risk premia from the term structure: a joint model of the UK nominal and real yield curves (581KB)
M Joyce, P Lildholdt and S Sorensen
Journal of Banking & Finance, February 2010, Volume 34, Issue 2
(Also Bank of England Working Paper No 360)

Understanding the real rate conundrum: an application of no-arbitrage finance models to the UK real yield curve (504KB)
M Joyce, I Kaminska and P Lildholdt
Review of Finance, July 2012, Vol.16, Issue 3, pages 837-866 
(Also Bank of England Working Paper No. 358, 2008)

 See all Michael's publications

The views expressed in all these papers are those of the author and do not necessarily reflect those of the Bank of England.