| Description | Autumn 2005. Includes summary boxes on: 'Change in the presentation of market forward interest rates'; 'real interest rates and macroeconomic volatility'; 'interactions between cash and derivatives market'; 'work of the money market liaison group'; 'which measure of central tendency should we focus on?'; 'illustrations of biased or inefficient forecasts'; 'why multi step ahead forecasts often generate persistent forecast errors'; 'forecast revisions' and 'revisions to GDP growth in 1999/2000'. Also includes articles on: 'long-run evidence on money growth and inflation', 'The determination of UK corporate capital gearing', 'Publication of narrow money data: the implications of money market reform' and summaries of recent Bank of England working papers. |