Credit spreads: capturing credit conditions facing households and firms

Changes in credit conditions have been one of the main headwinds affecting the UK recovery since the financial crisis. The likely path of credit spreads is a key determinant of the Monetary Policy Committee’s projections for output and inflation. This article explains how staff at the Bank of England calculate measures of credit spreads which can be used to help inform the Monetary Policy Committee’s central macroeconomic projections.

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Year of publication:	2014
Authors:	Butt, Nick ; Pugh, Alice
Published in:	Bank of England Quarterly Bulletin. - Bank of England. - Vol. 54.2014, 2, p. 137-148
Publisher:	Bank of England

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010839100