Since the middle of 2007, the sterling effective exchange rate has depreciated significantly. Over the same period the UK terms of trade — the price of the United Kingdom's exports relative to imports — have remained broadly unchanged. Movements in the exchange rate can affect the price of...

Since the middle of 2007, the sterling effective exchange rate has depreciated significantly. Over the same period the UK terms of trade — the price of the United Kingdom’s exports relative to imports — have remained broadly unchanged. Movements in the exchange rate can affect the price of...

Fluctuations in the labour force participation rate in the short to medium run are an important determinant of the cyclical behaviour of the unemployment rate, and hence wage pressures in the economy. This paper takes a closer look at the cyclical behaviour of labour force participation in the...

Fluctuations in the labour force participation rate in the short to medium run are an important determinant of the cyclical behaviour of the unemployment rate, and hence wage pressures in the economy. This paper takes a closer look at the cyclical behaviour of labour force participation in the...

Fluctuations in the labour force participation rate in the short to medium run are an important determinant of the cyclical behaviour of the unemployment rate, and hence wage pressures in the economy. This paper takes a closer look at the cyclical behaviour of labour force participation in the...

Monetary Conditions Indices (MCIs) are weighted averages of changes in an interest rate and an exchange rate relative to their values in a base period. A few central banks calculate MCIs for use in monetary policy. Although the Bank of England does not calculate such an index, several...

Monetary Conditions Indices (MCIs) are weighted averages of changes in an interest rate and an exchange rate relative to their values in a base period. A few central banks calculate MCIs for use in monetary policy. Although the Bank of England does not calculate such an index, several...

Monetary Conditions Indices (MCIs) are weighted averages of changes in an interest rate and an exchange rate relative to their values in a base period. A few central banks calculate MCIs for use in monetary policy. Although the Bank of England does not calculate such an index, several...