This paper introduces the Bank of England's new forecasting platform and provides examples of how it can be applied to practical forecasting problems. The platform consists of four components: COMPASS, a structural central organising model; a suite of models, used to fill in the gaps in the...

The most recent recession has been associated with a financial crisis that led to a large widening of spreads and quantitative restrictions on lending. As well as affecting investment, such a credit contraction is likely to have had a large effect on the working capital positions of UK firms and...

This paper examines whether the methodology used in the papers by Darby and Ireland and Caporale and Williams continues to explain UK consumption behaviour. We update Muellbauer and Murphy's proxy for financial liberalisation (FLIB) and re-examine a forward-looking consumption model which uses...