This article reviews developments in sterling financial markets, including the Bank’s official operations, between the 2011 Q1 Quarterly Bulletin and 20 May 2011. The article also summarises market intelligence on selected topical issues relating to market functioning.

This article reviews developments in sterling financial markets, including the Bank’s official operations, between the 2011 Q3 Quarterly Bulletin and 25 November 2011. The article also summarises market intelligence on selected topical issues relating to market functioning.

This article reviews developments in sterling financial markets, including the Bank’s official operations, between the 2011 Q4 Quarterly Bulletin and 9 March 2012. The article also summarises market intelligence on selected topical issues relating to market functioning.

This subject index covers all articles published during the first 50 years of the Quarterly Bulletin (ie up to 2010 Q3). It also includes the main subjects of speeches by the Governors, senior staff and external MPC members, together with notices and notes, including ‘boxes’ in articles and...

This edition marks the 50th anniversary of the Quarterly Bulletin. Over the years, the Bulletin has been one of the main conduits through which the Bank has communicated its thinking to the wider public. This article reviews the history of the Bulletin — both its origins and its subsequent...

Household arrears on payment obligations are one of the most direct measures of household sector financial stress. In this paper a time series approach is used to model two of the key components of aggregate UK household arrears: those on mortgages and credit cards. Mortgages are the main...

In this paper a quantitative framework for analysis of the UK commercial property sector is developed, and the possible implications explored for the financial stability of this sector, and for the corporate sector as a whole. There is little previous empirical literature. But where there is,...

Incentive structures affect people's decisions. But what are the implications of the resulting choices that people make for the level of risk within the economy? This paper reviews the literature in this area and attempts to draw out practical work that can be taken forward in assessing...

We investigate the behavior of asset prices in a typical New Keynesian macro model. Using a second-order approximation, we examine bond and equity returns, the equity risk premium, and the behavior of the real and nominal term structure. As documented in the literature, our results suggest that...

This article reviews developments in global financial markets since the 2009 Q4 Quarterly Bulletin up to 19 February 2010. The article also reviews the Bank’s official operations.