Description | Spring 2007. Vol 47 No.1. Articles: 'The monetary policy committee of the Bank of England: Ten years on' p24; 'The macroeconomic impact of globalisation' p40; 'The macroeconomic impact of international migration' p48; 'Potential employment in the UK economy' p60; 'The role of household debt and balance sheets in the monetary transmission mechanism' p70; 'Gauging capacity pressures within business' p79. Summaries of Bank of England working papers: 'Do announcements of bank acquisitions in emerging markets create value?' p86; 'Financial infrastructure and corporate governance' p87; 'Corporate debt and financial balance sheet adjustment: a comparison with the United States, United Kingdom, France and Germany' p88; 'Does Asia's choice of exchange rate regime affect Europe's exposure to US shocks?' p89; 'Too many to fail - an analysis of time-inconsistency in bank closure policies' p90. Speeches: 'Through the looking glass: reform of international institutions' Inaugural International Distinguished Lecture to the Melbourne Centre for Financial Studies, Australia by the Governor p92; The Governor's speech to the Birmingham Chamber of Commerce Annual Banquet p97; 'Perspectives on current monetary policy' by Rachel Lomax to the Cardiff Business Club p100; 'The MPC comes of age' by Rachel Lomax at De Montfort University p106; 'Pricing for perfection' by Sir John Gieve to a group of market participants at the Bank p112; 'Risk to the commercial property market and financial stability' by Nigel Jenkinson at the IPD/IPF Property Investment Conference p118; 'Macro, asset price, and financial system uncertainties' by Paul Tucker at the Roy Bridge Memorial Lecture p122; 'The impact of recent migration from Eastern Europe on the economy' by Andrew Sentance p136; 'Inflation and the private sector' by Professor Tim Besley at the Cardiff Breakfast Club p146; 'Recent developments in the UK labour market' by Professor David Blanchflower at the University of Stirling p158. |