Showing 61 - 70 of 73
Consumption in Germany, France and Italy (the EU3) has generally been thought to be less responsive to wealth effects than in the United Kingdom or the United States. The aim of this article is to assess the evidence for changes in the responsiveness of EU3 consumption to changes in equity...
Persistent link: https://www.econbiz.de/10014065427
House prices have risen rapidly in recent years. While there is little doubt that the rates of increase observed are unsustainable, there is uncertainty as to the sustainability of the level of house prices. This article applies asset-pricing theory to the housing market to gain additional...
Persistent link: https://www.econbiz.de/10014065745
The Bank of England implements the policy stance of the Monetary Policy Committee through its operations in the sterling money markets. It also uses these operations to reduce the costs of disruption to the liquidity and payment services supplied by banks. In order to ensure their continued...
Persistent link: https://www.econbiz.de/10014187821
This article reviews developments in sterling financial markets, including the Bank’s official operations, since the 2010 Q3 Quarterly Bulletin up to 19 November 2010. The article also summarises market intelligence on selected topical issues relating to market functioning
Persistent link: https://www.econbiz.de/10014187822
This article reviews developments in global financial markets since the 2009 Q2 Quarterly Bulletin up to end-August 2009. The article also reviews the Bank’s official operations.
Persistent link: https://www.econbiz.de/10008477122
To match the stylised facts of goods and labour markets, the canonical New Keynesian model augments the optimising neoclassical growth model with nominal and real rigidities. We ask what the implications of this type of model are for asset prices. Using a second-order numerical solution to the...
Persistent link: https://www.econbiz.de/10005132631
Because of the difficulty in measuring investment in intangible assets and frequent data revisions, estimates based on National Accounts investment data provide an imperfect measure of the capital stock. Following the influential work by Robert Hall for the United States, this paper provides an...
Persistent link: https://www.econbiz.de/10005734865
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.
Persistent link: https://www.econbiz.de/10008617226
This article sets out how monetary policy implementation and liquidity provision during the financial crisis have affected the size and composition of the Bank of England’s balance sheet. It extends and updates a recent speech by Paul Fisher, Executive Director Markets, and describes the main...
Persistent link: https://www.econbiz.de/10008617228
The Bank of England implements the policy stance of the Monetary Policy Committee through its operations in the sterling money markets. It also uses these operations to reduce the costs of disruption to the liquidity and payment services supplied by banks. In order to ensure their continued...
Persistent link: https://www.econbiz.de/10008784195