The Bank's Monetary Policy Committee analyzes a wide variety of data to inform its monetary policy decisions. Some of these data are revised over time, and taking account of possible revisions is an important part of assessing any data release. This article discusses the construction of a...

The paper describes two automatic model selection algorithms, RETINA and PcGets, briefly discussing how the algorithms work and what their performance claims are. RETINA's Matlab implementation of the code is explained, then the program is compared with PcGets on the data in Perez-Amaral, Gallo...