Description | Autumn 2012. Vol 52 No. 3. Recent economic and financial developments: 'Markets and operations' p.186; Asset purchases' p.188; 'Operations within the sterling monetary framework and other market operations' p.192; 'The Funding for Lending Scheme' p.195. Research and analysis:' RAMSI: a top-down stress-testing model developed at the Bank of England' p.204; 'What accounts for the fall in UK ten-year government bond yields?' p.213; 'Option-implied probability distributions for future inflation', p.224; ' The Bank of England's Real-Time Gross Settlement infrastructure', p.234. Summaries of recent Bank of England working papers p.244: 'Bank behaviour and risks in CHAPS following the collapse of Lehman Brothers', p.244; 'Simple banking: profitability and the yield curve', p.245; 'Estimating probability distributions of future asset prices: empirical transformations from option-implied risk-neutral to real world density functions', p.246; 'Liquidity risk, cash-flow constraints and systemic feedbacks', p.247; 'What do sticky and flexible prices tell us?', p.248; 'A network model of financial system resilience', p.249; 'Inflation and output in Keynsian models with a transient interest rate peg', p.250; 'Too big to fail: some empirical evidence on the causes and consequences of public banking interventions in the United Kingdom (UK)', p251; 'Labour market institutions and unemployment volitility: evidence from OECD countries', p252. Reports: 'The distributional effects of asset purchases', p.254; 'Monetary Policy Roundtable', p.267.Summaries of Bank of England Speeches: 'The dog and the frisbee', Andrew Haldane, Executive Director for Financial Stability, and Vasileios Madouros, Economist, Financial Stability, August 2012, p.272; 'We are not "risk nutters" stifling recovery' Andrew Haldane, Executive Director for Financial Stability, July 2012, p.272; 'Lets make a deal', Robert Jenkins, Financial Policy Committee, July 2012, p.272; 'One year young', Robert Jenkins, Financial Policy Committee, July 2012, p.273; 'Monetary Policy: navigating rough waters', Martin Weale, Monetary Policy Committee Member, June 2012, p.273; 'Shining a light in the shadows - reflections on transparency in the securities lending and repo markets', Andrew Hauser, Head of Sterling Markets Division, June 2012, p.273; 'View from the macroprudential bridge', Robert Jenkins, Financial Policy Committee, June 2012, p.273; The Governor's Mansion House Speech, Sir Mervyn King, Governor, June 2012, p.274; 'Property booms, stability and policy', Paul Tucker, Deputy Governor, June 2012, p.274; 'Making the most of doing more', Adam Posen, Monetary Policy Committee member, June 2012, p.274; 'Tails of the unexpected', Andrew Haldane, Executive Director for Financial Stability, and Benjamin Nelson, Economist, Financial Stability, June 2012, p.275; 'Resolution through the lens of corporate restructuring', Andrew Gracie, Director, Special Resolution Unit, June 2012, p.275; 'Banking myths and shibboleths', Robert Jenkins, Financial Policy Committee, June 2012, p.275. Appendices: Contents of recent Quarterly Bulletins p.278; Bank of England publications p.280. |