Our research agenda
Our research activity is centred around the Bank of England Agenda for Research (BEAR). This multi-year document is organised around five themes and includes a set of priority topics that we update once a year.
Our researchers
Our researchers carry out diverse and cutting-edge research in business areas across the Bank, and the Research Hub centrally coordinates research activities on BEAR. Find out more about our Research careers.
Our Macro Technical papers
Macro Technical papers are designed to document models, analysis and conceptual frameworks for monetary policy preparation. They are written by Bank staff to encourage feedback and foster continued model development.
Our external publications
Our research is published externally in journals, books, chapters in books and conference volumes. Here is a list of these publications:-
2024
- The Central Bank Balance Sheet As a Policy Tool: Lessons From the Bank of England's Experience
(Andrew Bailey, Jonathan Bridges, Richard Harrison, Josh Jones and Aakash Mankodi), Journal of Financial Services Research, Vol. 67 - The impact of prudential regulation on the UK housing market and economy: Insights from an agent-based model
(Marco Bardoscia, Adrian Carro, Marc Hinterschweiger, Mauro Napoletano, Lilit Popoyan, Andrea Roventini and Arzu Uluc), Journal of Economic Behavior & Organization, Vol. 229 - Nonbank lenders as global shock absorbers: Evidence from US monetary policy spillovers
(David Elliott, Ralf R. Meisenzahl and José-Luis Peydró), Journal of International Economics, Vol. 149 - Size Discount and Size Penalty: Trading Costs in Bond Markets
(Gabor Pinter, Chaojun Wang and Junyuan Zou), The Review of Financial Studies, Vol. 37 - Price Formation in Markets with Trading Delays
(Gabor Pinter and Semih Uslu), Management Science - The asymmetric effects of quantitative tightening and easing on financial markets
(Simon Lloyd and Daniel Ostry), Economics Letters, Vol. 238 - Role of Government Policies in Smoothing Borrowers’ Spending during Stress: Evidence from UK Mortgage Moratoria
(Bruno Albuquerque and Alexandra Varadi), IMF Economic Review - A Tail of Three Occasionally Binding Constraints: A Modelling Approach to GDP-at-Risk
(David Aikman, Kristina Bluwstein and Sudipto Karmakar), IMF Economic Review - Identifying the transmission channels of credit supply shocks to household debt: Price and non-price effects
(Alexandra Varadi), European Economic Review, Vol. 166 - Refinancing cross-subsidies in the mortgage market
(Jack Fisher, Alessandro Gavazza, Lu Liu, Tarun Ramadorai and Jagdish Tripathy), Journal of Financial Economics, Vol.158 - Capital controls and trade policy
(Simon Lloyd and Emile Marin), Journal of International Economics, Vol. 151 - Consumption response to aggregate shocks and the role of leverage
(Agnes Kovacs, May Rostom and Philip Bunn), The Manchester School, Vol. 93 - Energy prices and household heterogeneity: Monetary policy in a Gas-TANK
(Jenny Chan, Sebastian Diz and Derrick Kanngiesser), Journal of Monetary Economics, Vol. 147 - Central Bank Interventions During Episodes of Financial Market Dysfunction: Lessons for the Future
(David Aikman, Stephen Cecchetti and Eddie Gerba), Journal of Financial Services Research, Vol. 67 - The Real Effects of Zombie Lending in Europe
(Belinda Tracey), Oxford Bulleting of Economics and Statistics, Vol. 87 - Capital flows-at-risk: Push, pull and the role of policy
(Fernando Eguren-Martin, Cian O'Neill, Andrej Sokol and Lukas von dem Berge), Journal of International Money and Finance, Vol. 147 - The repo market under Basel III: Effects of capital and liquidity regulations on market fragmentation – Gerba
(Eddie Gerba and Petros Katsoulis) International Journal of Finance and Economics - An unconventional FX tail risk story
(Carlos Cañon, Eddie Gerba, Alberto Pambira and Evarist Stoja) Journal of International Money and Finance, Vol. 148 - Measuring monetary policy in the UK: The UK monetary policy event-study database
Robin Braun, Silvia Miranda-Agrippino and Tuli Saha), Journal of Monetary Economics, Vol. 149 - Do firm expectations respond to monetary policy announcements?
(Federico Di Pace, Giacomo Mangiante and Riccardo Masolo), Journal of Monetary Economics, Vol. 149 - Forecasting with Machine Learning methods and multiple large datasets
(Nikoleta Anesti, Eleni Kalamara and George Kapetanios), Econometrics and Statistics - The effect of subsidized flood insurance on real estate markets
(Nicola Garbarino, Benjamin Guin and Jonathan Lee), Journal of Risk and Insurance, Vol. 91 - Does Regulation Only Bite the Less Profitable? Evidence from the Too‐Big‐To‐Fail Reforms
(Tirupam Goel, Ulf Lewrick and Aakriti Mathur), Journal of Money, Credit and Banking - Monetary policy and sentiment-driven fluctuations
(Jenny Chan), Journal of Economic Theory, Vol. 222 - How do firms’ financial conditions influence the transmission of monetary policy? A non-parametric local projection approach
(Livia Paranhos), Journal of Econometrics - Modelling fire sale contagion across banks and non-banks
(Fabio Caccioli, Gerardo Ferrara and Amanah Ramadiah), Journal of Financial Stability, Vol. 71 - Business creation during COVID-19
(Saleem Bahaj, Sophie Piton and Anthony Savagar), Economic Policy, Vol. 39 - Sanctions and the exchange rate in time
(Barry Eichengreen, Massimo Ferrari Minesso, Arnaud Mehl, Isabel Vansteenkiste and Roger Vicquéry), Economic Policy, Vol. 39 - Crossing the Credit Channel: Credit Spreads and Firm Heterogeneity
(Gareth Anderson and Ambrogio Cesa-Bianchi), American Economic Journal: Macroeconomics, Vol. 16 - Macroprudential Policy, Mortgage Cycles, and Distributional Effects: Evidence from the United Kingdom
(José-Luis Peydró, Francesc Rodriguez-Tous, Jagdish Tripathy and Arzu Uluc), The Review of Financial Studies, Vol. 37 - Do personal taxes affect investment decisions and stock returns?
(Alexander P. Kontoghiorghes), Journal of Financial Economics, Vol. 162
2023
- The greening of lending: Evidence from banks’ pricing of energy efficiency before climate-related regulation
(Jennifer Bell, Giuliana Battisti and Benjamin Guin), Economics Letters, Vol. 230 - Climate actions, market beliefs, and monetary policy
(Barbara Annicchiarico, Fabio Di Dio and Francesca Diluiso), Journal of Economic Behavior & Organization, Vol. 218 - Do preferred habitat investors exist? Evidence from the UK government bond market
(Julia Giese, Michael Joyce, Jack Meaning and Jack Worlidge), Economics Letters, Vol. 234 - How does the repo market behave under stress? Evidence from the COVID-19 crisis
(Anne-Caroline Hüser, Caterina Lepore and Luitgard Veraart), Journal of Financial Stability, Vol. 70 - Foreign exchange hedging using regime‐switching models: The case of pound sterling
(Taehyun Lee, Ioannis Moutzouris, Nikos Papapostolou and Mahmoud Fatouh), International Journal of Finance & Economics, Vol. 29 - The Macroprudential Toolkit: Effectiveness and Interactions
(Stephen Millard, Margarita Rubio and Alexandra Varadi), Oxford Bulletin of Economics and Statistics, Vol. 86 - Slow recoveries, endogenous growth and macro-prudential policy
(Dario Bonciani, David Gauthier and Derrick Kanngiesser), Review of Economic Dynamics, Vol. 51 - Credit growth, the yield curve and financial crisis prediction: Evidence from a machine learning approach
(Kristina Bluwstein, Marcus Buckmann, Andreas Joseph, Sujit Kapadia and Ozgur Simsek), Journal of International Economics, Vol. 145 - Brexit Vote, Productivity Growth, and Macroeconomic Adjustments in the U.K.
(Ben Broadbent, Federico Di Pace, Thomas Drechsel, Richard Harrison and Silvana Tenreyro), The Review of Economic Studies, Vol. 91 - Identification with External Instruments in Structural VARs
(Silvia Miranda-Agrippino and Giovanni Ricco), Journal of Monetary Economics, Vol. 135 - Stranded houses? The price effect of a minimum energy efficiency standard
(Konstantinos Ferentinos, Alex Gibberd and Benjamin Guin), Energy Economics, Vol. 120 - Dating the lender of last resort
(Michael Anson, David Bholat, Kilian Rieder and Ryland Thomas), The Economic Journal, Vol 133 - Tracking foreign capital: the effect of capital inflows on bank lending in the UK
(Christiane Kneer and Alexander Raabe), IMF Economic Review - Quality is our asset: the international transmission of liquidity regulation
(Dennis Reinhardt, Stephen Reynolds, Rhiannon Sowerbutts and Carlos van Hombeeck), Journal of Banking and Finance, Vol. 154 - Global capital flows and the role of macroprudential policy
(Sudipto Karmakar and Diogo Lima), Journal of Financial Stability, Vol. 67 - House price dynamics, optimal LTV limits and the liquidity trap
(Andrea Ferrero, Richard Harrison and Benjamin Nelson), The Review of Economic Studies, Vol. 90 - The more the merrier? Evidence on the value of multiple requirements in bank regulation
(Marcus Buckmann, Paula Gallego Marquez, Mariana Gimpelewicz, Sujit Kapadia and Katie Rismanchi), Journal of Banking and Finance, Vol. 149 - Global banks and synthetic funding: the benefits of foreign relatives
(Fernando Eguren-Martin, Matias Ossandon Busch and Dennis Reinhardt), Journal of Money, Credit and Banking - Dating business cycles in the United Kingdom, 1700-2010
(Stephen Broadberry, Jagjit Chadha, Jason Lennard and Ryland Thomas), The Economic History Review, Vol. 76 - Sectoral shocks and monetary policy in the United Kingdom
(Huw Dixon, Jeremy Franklin and Stephen Millard), Oxford Bulletin of Economics and Statistics, Vol. 85 - Targeting financial stability: macroprudential or monetary policy?
(David Aikman, Julia Giese, Sujit Kapadia and Michael McLeay), International Journal of Central Banking, Vol. 19 - Updated estimates of UK GDP from the income side, 1841-1920
(Solomos Solomou and Ryland Thomas), Economic History Review, Vol. 76 - The impact of non-tariff barriers on trade and welfare
(Swati Dhingra, Rebecca Freeman and Hanwei Huang), Economica, Vol. 90 - Improving variance forecasts: the role of realized variance features
(Ioannis Papantonis, Leonidas Rompolis and Elias Tzavalis), International Journal of Forecasting, Vol. 39 - Monetary policy inertia and the paradox of flexibility
(Dario Bonciani and Joonseok Oh), Journal of Economic Dynamics and Control, Vol. 151 - The cyclicality of bank credit losses and capital ratios under expected loss model
(Mahmoud Fatouh and Simone Giansante), Annals of Operations Research, Vol. 330
2022
- Divided committees and strategic vagueness
(Nicole Baerg and Colin Krainin), European Journal of Political Economy, Vol. 74 - AI model risk: what the current model risk management framework can teach us about managing the risks of AI models
(Catarina Souza), Journal of Financial Compliance, Vol. 6 - The pandemic’s promising lessons for the future of green public banking
(Victoria Stadheim, Serdar Sengul and Thomas Marois), UCL Institute for Innovation and Public Purpose, Policy Brief 18 - Clients' connections: measuring the role of private information in decentralized markets
(Peter Kondor and Gabor Pinter), The Journal of Finance, Vol. 77 - Systemic financial stress and macroeconomic amplifications in the United Kingdom
(Somnath Chatterjee, Jeremy Chiu, Thibaut Duprey and Sinem Hacioglu-Hoke), Oxford Bulletin of Economics and Statistic, Vol. 84 - Impact of IFRS 9 on the cost of funding of banks in Europe
(Mahmoud Fatouh, Robert Bock and Jamal Ouenniche), Journal of Banking Regulation, Vol. 24
2021
- Shareholder risk-taking incentives in the presence of contingent capital
(Mahmoud Fatouh and Ayowande A. McCunn), Journal of Financial Regulation and Compliance, Vol. 30 - The transmission of monetary policy shocks
(Silvia Miranda-Agrippino and Giovanni Ricco), American Economic Journal: Macroeconomics, Vol. 13 - To ask or not to ask? Bank capital requirements and loan collateralization
(Hans Degryse, Artashes Karapetyan and Sudipto Karmakar), Journal of Financial Economics, Vol. 142 - The physics of financial networks
(Marco Bardoscia, Paolo Barucca, Stefano Battiston, Fabio Caccioli, Giulio Cimini, Diego Garlaschelli, Fabio Saracco, Tiziano Squartini and Guido Caldarelli), Nature Reviews – Physics, Vol. 3 - Central bank swap lines: evidence on the effects of the lender of last resort
(Saleem Bahaj and Ricardo Reis), The Review of Economic Studies, Vol. 89 - The assessment: artificial intelligence and financial services
(David Bholat and Daniel Susskind), Oxford Review of Economic Policy, Vol. 37 - Is the UK’s productivity puzzle mostly driven by occupational mismatch? An analysis using big data on job vacancies
(Arthur Turrell, Bradley Speigner, David Copple, Jyldyz Djumalieva and James Thurgood), Labour Economic, Vol. 71 - Adaptive learning and labor market dynamics
(Federico Di Pace, Kaushik Mitra and Shoujian Zhang), Journal of Money, Credit and Banking, Vol. 53 - Comparing minds and machines: implications for financial stability
(Marcus Buckmann, Andy Haldane and Anne-Caroline Hüser), Oxford Review of Economic Policy, Vol. 37 - Central bank digital currencies – design principles for financial stability
(Michael Kumhof and Clare Noone), Economic Analysis and Policy, Vol. 71 - Credit default swaps and corporate bond trading
(Robert Czech), Journal of Financial Intermediation, Vol. 48 - Currency mispricing and dealer balance sheets
(Gino Cenedese, Pasquale Della Corte and Tianyu Wang), The Journal of Finance, Vol. 76 - Banks, money, and the zero lower bound on deposit rates
(Michael Kumhof and Xuan Wang), Journal of Economic Dynamics and Control, Vol. 132 - Unconventional monetary policies and the macroeconomy: the impact of the UK’s QE2 and funding for lending scheme
(Rohan Churm, Michael Joyce, George Kapetanios and Konstantinos Theodoridis), The Quarterly Review of Economics and Finance, Vol. 80 - Capital requirements and mortgage pricing: evidence from Basel II
(Matteo Benetton, Peter Eckley, Nicola Garbarino, Liam Kirwin and Georgia Latsi), Journal of Financial Intermediation, Vol. 48 - Tail risk interdependence
(Ching-Wai (Jeremy) Chiu, Arnold Polanski and Evarist Stoja), International Journal of Finance and Economics, Vol. 26 - The missing link: monetary policy and the labor share
(Cristiano Cantore, Filippo Ferroni and Miguel León-Ledesma), Journal of the European Economic Association, Vol. 19 - The nexus between CEO incentives and analysts' earnings forecasts
(Anna Bagntasarian and Emmanuel Mamatzakis), International Journal of Finance and Economics, Vol. 26 - The interaction between macroprudential policy and monetary policy: overview
(Matthieu Bussière, Jin Cao, Jakob de Haan, Robert Hills, Simon Lloyd, Baptiste Meunier, Justine Pedrono, Dennis Reinhardt, Sonalika Sinha, Rhiannon Sowerbutts and Konstantin Styrin), Review of International Economics, Special Issue Paper, Vol. 29 - Le Pont de Londres: interactions between monetary and prudential policies in cross‐border lending
(Matthieu Bussière, Robert Hills, Simon Lloyd, Baptiste Meunier, Justine Pedrono, Dennis Reinhardt and Rhiannon Sowerbutts), Review of International Economics, Special Issue Paper, Vol. 29 - Shocks and labour cost adjustment: evidence from a survey of European firms
(Thomas Y Mathä, Stephen Millard, Tairi Rõõm, Ladislav Wintr and Robert Wyszyński), Oxford Economic Papers, Vol. 73 - Regulatory effects on short-term interest rates
(Angelo Ranaldo, Patrick Schaffner and Michalis Vasios), Journal of Financial Economics, Vol. 141 - UK house prices and three decades of decline in the risk-free real interest rate
(David Miles and Victoria Monro), Economic Policy, Vol. 36 - Inferring trade directions in fast markets
(Simon Jurkatis), Journal of Financial Markets, Vol. 58 - Transparent modeling of influenza incidence: big data or a single data point from psychological theory?
(Konstantinos V. Katsikopoulos, Özgür Şimşek, Marcus Buckmann and Gerd Gigerenzer), International Journal of Forecasting, Vol. 38 - Economic integration and unit labour costs
(Sophie Piton), European Economic Review, Vol. 136 - High water, no marks? Biased lending after extreme weather
(Nicola Garbarino and Benjamin Guin), Journal of Financial Stability, Vol. 54 - Optimal simple objectives for monetary policy when banks matter
(Lien Laureys, Roland Meeks and Boromeus Wanengkirtyo), European Economic Review, Vol. 135 - The distributional impact of the pandemic
(Sinem Hacıoğlu Hoke, Diego R. Känzig and Paolo Surico), European Economic Review, Vol. 134 - History dependence in the housing market
(Philippe Bracke and Silvana Tenreyro), American Economic Journal: Macroeconomics, Vol. 13 - Solvency and wholesale funding cost interactions at UK banks
(Kieran Dent, Sinem Hacıoğlu Hoke and Apostolos Panagiotopoulos), Journal of Financial Stability, Vol. 52. - Common asset holdings and systemic vulnerability across multiple types of financial institution
(Paolo Barucca, Tahir Mahmood and Laura Silvestri), Journal of Financial Stability, Vol. 52 - Macroprudential FX regulations: shifting the snowbanks of FX vulnerability?
(Toni Ahnert, Kristin Forbes, Christian Friedrich and Dennis Reinhard), Journal of Financial Economics, Vol. 140 - Ambiguity, monetary policy, and trend inflation
(Riccardo M. Masolo and Francesca Monti), Journal of the European Economic Association, Vol. 19 - Overnight indexed swap-implied interest rate expectations
(Simon P. Lloyd), Finance Research Letters, Vol. 38 - Foreign banks and trade
(Stijn Claessens and Neeltje van Horen), Journal of Financial Intermediation, Vol. 45 - The cost of human capital depreciation during unemployment
(Lien Laureys), The Economic Journal, Vol. 131 - Common correlated effect cross‐sectional dependence corrections for non‐linear conditional mean panel models
(Sinem Hacıoğlu Hoke and George Kapetanios), Journal of Applied Econometrics, Vol. 36 - Gilt auctions and secondary market dynamics
(Lucas Marc Fuhrer and Julia Giese), Finance Research Letters, Vol. 38 - The impact of quantitative easing on UK bank lending: why banks do not lend to businesses?
(Mahmoud Fatouh, Sheri Markose and Simone Giansante), Journal of Economic Behavior & Organization, Vol. 183 - Counterparty choice in the UK credit default swap market: an empirical matching approach
(Gerardo Ferrara, Jun Sung Kim, Bonsoo Koo and Zijun Liu), Economic Modelling, Vol. 94
2020
- Risk shocks and monetary policy in the new normal
(Martin Seneca), International Journal of Central Banking, Vol. 16 - The leverage ratio and liquidity in the gilt and gilt repo markets
(Andreea Bicu-Lieb, Louisa Chen and David Elliott), Journal of Financial Markets, Vol. 48 - International evidence on shock-dependent exchange rate pass-through
(Kristin Forbes, Ida Hjortsoe and Tsvetelina Nenova), IMF Economic Review, Vol. 68 - Intangible capital, stock markets and investments: implications for macroeconomic stability
(Eddie Gerba), Journal of Accounting and Finance, Vol. 20 - Exchange rate passthrough at the micro and macro levels in a small open economy: evidence from several million unit values
(John Lewis), Canadian Journal of Economics, Vol. 53 - Stress tests and the countercyclical capital buffer: The UK experience
(Donald Kohn), The Manchester School, Vol. 88, Special issue: Proceedings of the Money, Macroeconomics and Finance Research Group, 2019 - Economic uncertainty before and during the COVID-19 pandemic
(Dave Altig, Scott Baker, Jose Maria Barrero, Nicholas Bloom, Philip Bunn, Scarlet Chen, Steven J. Davis, Julia Leather, Brent Meyer, Emil Mihaylov, Paul Mizen, Nicholas Parker, Thomas Renault, Pawel Smietanka and Gregory Thwaites), Journal of Public Economics, Vol. 191 -
Revisiting the global decline of the (non-housing) labor share
(Germán Gutiérrez and Sophie Piton), American Economic Review: Insights, Vol. 2 - Time-varying cointegration with an application to the UK great ratios
(George Kapetanios, Stephen Millard, Katerina Petrova and Simon Price), Economics Letters, Vol. 193 - The forced safety effect: how higher capital requirements can increase bank lending
(Saleem Bahaj and Frederic Malherbe), The Journal of Finance, Vol. 75 - Identification of structural vector autoregressions by stochastic volatility
(Dominik Bertsche and Robin Braun), Journal of Business and Economic Statistics - COVID-19 and the financial system: a tale of two crises
(Julia Giese and Andy Haldane), Oxford Review of Economic Policy, Vol. 36 - Estimating nominal interest rate expectations: overnight indexed swaps and the term structure
(Simon P. Lloyd), Journal of Banking and Finance, Vol. 119 - Cross-border effects of regulatory spillovers: evidence from Mexico
(Jagdish Tripathy), Journal of International Economics, Vol. 126 -
Nonlinear effects of mortgage spreads over the business cycle
(Chak Hung Jack Cheng and Ching‐Wai (Jeremy) Chiu), Journal of Money, Credit and Banking, Vol. 52 - Uncertainty and economic activity: a multicountry perspective
(Ambrogio Cesa-Bianchi, M Hashem Pesaran and Alessandro Rebucci), The Review of Financial Studies, Vol. 33 - The evolution of competition in the UK deposit-taking sector, 1989–2013
(Sebastian de-Ramon and Michael Straughan), The European Journal of Finance, Vol. 26 - The international effects of global financial uncertainty shocks
(Dario Bonciani and Martino Ricci), Journal of International Money and Finance, Vol. 109 - Home values and firm behavior
(Saleem Bahaj, Angus Foulis and Gabor Pinter), American Economic Review, Vol. 110 - Risk-neutral densities: advanced methods of estimating nonnormal options underlying asset prices and returns
(André Santos and João Guerra), Journal of Risk Model Validation, Vol. 14 - Network valuation in financial systems
(Paolo Barucca, Marco Bardoscia, Fabio Caccioli, Marco D’Errico, Gabriele Visentin, Guido Caldarelli and Stefano Battiston), Mathematical Finance, Vol. 30 - Corporate decision making in the presence of political uncertainty: the case of corporate cash holdings
(William B. Hankins, Anna‐Leigh Stone, Chak Hung Jack Cheng and Ching‐Wai (Jeremy) Chiu), The Financial Review, Vol. 55 - The global financial cycle after Lehman
(Silvia Miranda-Agrippino and Hélène Rey), AEA Papers and Proceedings, Vol. 110 - Firms’ price, cost and activity expectations: evidence from micro data
(Lena Boneva, James Cloyne, Martin Weale and Tomasz Wieladek), The Economic Journal, Vol. 130 - Sovereign spreads in the euro area: cross border transmission and macroeconomic implication
(Saleem Bahaj), Journal of Monetary Economics, Vol. 110 - Official demand for US debt: implications for US real rates
(Iryna Kaminska and Gabriele Zinna), Journal of Money, Credit and Banking, Vol. 52 - A welfare‐based analysis of international monetary policy spillovers at the zero lower bound
(Alex Haberis and Anna Lipińska), Journal of Money, Credit and Banking, Vol. 52 - Centralized trading, transparency, and interest rate swap market liquidity: evidence from the implementation of the Dodd-Frank Act
(Evangelos Benos, Richard Payne and Michalis Vasios), Journal of Financial and Quantitative Analysis, Vol. 55 - Monetary policy transmission in the United Kingdom: a high frequency identification approach
(Ambrogio Cesa-Bianchi, Gregory Thwaites and Alejandro Vicondoa), European Economic Review, Vol. 123 - Monetary policy when households have debt: new evidence on the transmission mechanism
(James Cloyne, Clodomiro Ferreira and Paolo Surico), Review of Economic Studies, Vol. 87 - Estimating the elasticity of intertemporal substitution using mortgage notches
(Michael Carlos Best, James Cloyne, Ethan Ilzetzki and Henrik Kleven), The Review of Economic Studies, Vol. 87 - The macroeconomic impact of shocks to bank capital buffers in the euro area
(Derrick Kanngiesser, Reiner Martin, Laurent Maurin and Diego Moccero), The B.E. Journal of Macroeconomics, Vol. 20 - The impact of the 1932 General Tariff: a difference-in-difference approach
(Simon P. Lloyd and Solomos Solomou), Cliometrica, Vol. 14 - Financial stability considerations and monetary policy
(Anil Kashyap and Caspar Siegert), International Journal of Central Banking, Vol. 16 - Mapping bank securities across euro area sectors: comparing funding and exposure networks
(Anne-Caroline Huser and Christoffer Kok), Journal of Network Theory in Finance, Vol. 5 - Inefficiencies in trade reporting for over-the-counter derivatives: is blockchain the solution?
(Olatunji Jayeola), Capital Markets Law Journal, Vol. 15 - An exorbitant privilege in the first age of international financial integration?
(Carlos Eduardo van Hombeeck), Journal of International Money and Finance, Vol. 101
- Deposit withdrawals from distressed banks: client relationships matter
(Martin Brown, Benjamin Guin and Stefan Morkoetter), Journal of Financial Stability, Vol. 46 - Three triggers? Negative equity, income shocks and institutions as determinants of mortgage default
(Andrew Linn and Ronan C. Lyons), The Journal of Real Estate Finance and Economics, Vol. 61
2019
- Central counterparty auction design
(Gerardo Ferrara, Xin Li and Daniel Marszalec), Journal of Financial Market Infrastructures, Vol. 8 - Text mining letters from financial regulators to firms they supervise
(David Bholat and James Brookes), Digital Scholarship in the Humanities, Vol. 35 - Identifying noise shocks: a VAR with data revisions
(Riccardo M. Masolo and Alessia Paccagnini), Journal of Money, Credit and Banking, Vol. 51 - Enhancing central bank communications using simple and relatable information
(David Bholat, Nida Broughton, Janna Ter Meer and Eryk Walczak), Journal of Monetary Economics, Vol. 108 - The long-run information effect of central bank communication
(Stephen Hansen, Michael McMahon and Matthew Tong), Journal of Monetary Economics, Vol. 108 - Investor behaviour and reaching for yield: evidence from the sterling corporate bond market
(Robert Czech and Matt Roberts‐Sklar), Financial Markets, Institutions and Instruments, Vol. 28 - Multiplex network analysis of the UK over‐the‐counter derivatives market
(Marco Bardoscia, Ginestra Bianconi and Gerardo Ferrara), International Journal of Finance and Economics, Vol. 24 - Forward-looking solvency contagion
(Marco Bardoscia, Paolo Barucca, Adam Brinley Codd and John Hill), Journal of Economic Dynamics and Control, Vol. 108 - Forecasting the UK economy with a medium-scale Bayesian VAR
(Sílvia Domit, Francesca Monti and Andrej Sokol), International Journal of Forecasting, Vol. 35 - A new approach for detecting shifts in forecast accuracy
(Ching-Wai (Jeremy) Chiu, Simon Hayes, George Kapetanios and Konstantinos Theodoridis), International Journal of Forecasting, Vol. 35 - The invisible hand of the government: moral suasion during the European sovereign debt crisis
(Steven Ongena, Alexander Popov and Neeltje Van Horen), American Economic Journal: Macroeconomics, Vol. 11 - The determinants of credit union failure: insights from the United Kingdom
(Jamie Coen, William B. Francis and May Rostom), International Journal of Central Banking, Vol. 15 - Lost in diversification
(Marco Bardoscia, Daniele d'Arienzo, Matteo Marsili and Valerio Volpati), Comptes Rendus Physique, Vol. 20 - The effect of house prices on household borrowing: a new approach
(James Cloyne, Kilian Huber, Ethan Ilzetzki and Henrik Kleven), American Economic Review, Vol. 109 - Enterprise vs. product logic: the industrial reorganisation corporation and the rationalisation of the British electrical/electronics industry
(Anthony Gandy and Roy Edwards), Business History, Vol. 61 - A time-varying parameter structural model of the UK economy
(George Kapetanios, Riccardo M. Masolo, Katerina Petrova and Matthew Waldron), Journal of Economic Dynamics and Control, Vol. 106 - Unstable diffusion indexes: with an application to bond risk premia
(Daniele Massacci), Oxford Bulletin of Economics and Statistics, Vol. 81 - The Stochastic Lower Bound
(Riccardo M. Masolo and Pablo E. Winant), Economics Letters, Vol. 180 - Some principles for regulating cyber risk
(Anil K. Kashyap and Anne Wetherilt), AEA Papers and Proceedings, Vol. 109 - Editorial: International spillovers of monetary policy through global banks: introduction to the special issue
(Claudia Buch, Matthieu Bussière, Menzie Chinn, Linda Goldberg and Robert Hills), Journal of International Money and Finance, Vol. 91 - The international transmission of monetary policy
(Claudia M. Buch, Matthieu Bussière, Linda Goldberg and Robert Hills), Journal of International Money and Finance, Vol. 91 - The international transmission of monetary policy through financial centres: evidence from the United Kingdom and Hong Kong
(Robert Hills, Kelvin Ho, Dennis Reinhardt, Rhiannon Sowerbutts, Eric Wong and Gabriel Wu), Journal of International Money and Finance, Vol. 90 - Drawing on different disciplines: macroeconomic agent-based models
(Andrew Haldane and Arthur Turrell), Journal of Evolutionary Economics, Vol. 29 - Deflation probability and the scope for monetary loosening in the United Kingdom
(Alex Haberis, Riccardo M. Masolo and Kate Reinold), International Journal Of Central Banking, Vol. 15 - Fiscal rules and structural reforms
(Rana Sajedi and Armin Steinbach), International Review of Law and Economics, Vol. 58 - Would macroprudential regulation have prevented the last crisis?<
(David Aikman, Jonathan Bridges, Anil Kashyap and Caspar Siegert), Journal of Economic Perspectives, Vol. 33 - An elusive panacea? The impact of the regulatory valuation regime on insurers’ investment behaviour
(Caterina Lepore, Misa Tanaka, David Humphry and Kallol Sen), International Review of Financial Analysis - Short-time work in the Great Recession: firm-level evidence from 20 EU countries
(Reamonn Lydon, Thomas Y. Mathä and Stephen Millard), IZA Journal of Labor Policy, Vol. 8 - Uncertain policy promises
(Alex Haberis, Richard Harrison and Matt Waldron), European Economic Review, Vol. 111 - Predictive regressions under asymmetric loss: factor augmentation and model selection
(Matei Demetrescua and Sinem Hacıoğlu Hoke), International Journal of Forecasting, Vol. 35 - Forecasting the UK economy: alternative forecasting methodologies and the role of off-model information
(Lena Boneva, Nicholas Fawcett, Riccardo M. Masolo and Matt Waldron), International Journal of Forecasting, Vol. 35 - Finance and synchronization
(Ambrogio Cesa-Bianchi, Jean Imbs and Jumana Saleheen), Journal of International Economics, Vol. 116 - Notes on the Underground: monetary policy in resource‐rich economies
(Andrea Ferrero and Martin Seneca), Journal of Money, Credit and Banking, Vol. 51 - Credit traps and macroprudential leverage
(Angus Foulis, Benjamin Nelson and Misa Tanaka), Journal of Money, Credit and Banking, Vol. 51 - Output gaps, inflation and financial cycles in the UK
(Marko Melolinna and Máté Tóth), Empirical Economics, Vol. 56 - Labor market frictions, monetary policy and durable goods
(Federico Di Pace and Matthias S. Hertweck), Review of Economic Dynamics, Vol. 32 - Foreign booms, domestic busts: the global dimension of banking crises
(Ambrogio Cesa-Bianchi, Fernando Eguren Martin and Gregory Thwaites), Journal of Financial Intermediation, Vol. 37
2018
- Brexit and uncertainty: insights from the Decision Maker Panel
(Nicholas Bloom, Philip Bunn, Scarlet Chen, Paul Mizen, Pawel Smietanka, Greg Thwaites and Garry Young), Fiscal Studies, Vol. 39 - Partisan conflict, policy uncertainty and aggregate corporate cash holdings
(Chak Hung Jack Chenga, Ching-Wai (Jeremy) Chiu, William B. Hankins and Anna-Leigh Stone), Journal of Macroeconomics, Vol. 58 - Financial market volatility, macroeconomic fundamentals and investor sentiment
(Ching-Wai (Jeremy) Chiu, Richard D.F. Harris, Evarist Stoja and Michael Chin), Journal of Banking & Finance, Vol. 92 - Leverage and risk-weighted capital requirements
(Leonardo Gambacorta and Sudipto Karmakar), International Journal of Central Banking, Vol. 14 - Macroeconomic modelling at the Institute: hopes, challenges and a lasting contribution
(Ray Barrell, Andrew Blake and Garry Young), National Institute Economic Review, Issue 246 - Bank taxes, leverage, and risk
(Kristoffer Milonas), Journal of Financial Services Research, Vol. 54 - The shocks matter: improving our estimates of exchange rate pass-through
(Kristin Forbes, Ida Hjortsoe and Tsvetelina Nenova), Journal of International Economics, Vol. 114 - Macroeconomic uncertainty in South Africa
(Christopher Redl), South African Journal of Economics, Vol. 86 - Capital requirements, monetary policy and risk shifting in the mortgage market
(Arzu Uluc and Tomasz Wieladek), Journal of Financial Intermediation, Vol. 35, Part B -
Monetary and macroprudential policies under rules and discretion
(Lien Laureys and Roland Meeks), Economics Letters, Vol. 170 - Fiscal consequences of structural reform under constrained monetary policy
(Rana Sajedi), Journal of Economic Dynamics and Control, Vol. 93 - Public debt and fiscal policy traps
(Antoine Camous and Andrew Gimber), Journal of Economic Dynamics and Control, Vol. 93 - The time value of housing: historical evidence on discount rates
(Philippe Bracke, Edward W. Pinchbeck and James Wyatt), The Economic Journal, Vol. 128 - Tailwinds from the East: how has the rising share of imports from emerging markets affected import prices?
(John Lewis and Jumana Saleheen), Cambridge Journal of Economics, Vol. 42 - Funding constraints and liquidity in two-tiered OTC markets
(Evangelos Benos and Filip Žikeš), Journal of Financial Markets, Vol. 39 - Measuring systemic risk in the European banking sector: a copula CoVaR approach
(Emmanouil Karimalis and Nikos Nomikos), The European Journal of Finance, Vol. 24 - Climate change challenges for central banks and financial regulators
(Emanuele Campiglio, Yannis Dafermos, Pierre Monnin, Josh Ryan-Collins, Guido Schotten and Misa Tanaka), Nature Climate Change, Vol. 8 - The consumption response to positive and negative income shocks
(Philip Bunn, Jeanne Le Roux, Kate Reinold and Paolo Surico), Journal of Monetary Economics, Vol. 96 - Stabilising house prices: the role of housing futures trading
(Arzu Uluc), The Journal of Real Estate Finance and Economics, Vol. 56, Issue 4 - International credit supply shocks
(Ambrogio Cesa-Bianchi, Andrea Ferrero and Alessandro Rebucci), Journal of International Economics, Vol. 112 - Uncertainty, financial frictions, and nominal rigidities: a quantitative investigation
(Ambrogio Cesa‐Bianchi and Emilio Fernandez‐Corugedo), Journal of Money, Credit and Banking, Vol. 50, Issue 4 - How does financial liberalisation affect the influence of monetary policy on the current account?
(Ida Hjortsoe, Martin Weale and Tomasz Wieladek), Journal of International Money and Finance, Vol. 85 - The missing links: a global study on uncovering financial network structures from partial data
(Kartik Anand, Iman van Lelyveld, Ádám Banai, Soeren Friedrich, Rodney Garratt, Grzegorz Hałaj, Jose Fique, Ib Hansen, Serafín Martínez Jaramillo, Hwayun Lee, José Luis Molina-Borboa, Stefano Nobili, Sriram Rajan, Dilyara Salakhova, Thiago Christiano Silva, Laura Silvestri, Sergio Rubens Stancato de Souza), Journal of Financial Stability, Vol. 35 - On the theory of international currency portfolios
(Michael Kumhof), European Economic Review, Vol. 101 - The impact of de-tiering in the United Kingdom’s large-value payment system
(Evangelos Benos, Gerardo Ferarra and Pedro Gurrola-Perez), Journal of Financial Market Infrastructures, Vol. 6, No. 2/3 - The validation of filtered historical VaR models
(Pedro Gurrola-Perez), Journal of Risk Model Validation, Vol. 12, No. 1 - Forecasting with VAR models: fat tails and stochastic volatility
(Ching-Wai (Jeremy) Chiu, Haroon Mumtaz and Gabor Pinter), International Journal of Forecasting, Vol. 33, Issue 4 - Non-performing loans at the dawn of IFRS 9: regulatory and accounting treatment of asset quality
(David Bholat, Rosa M. Lastra, Sheri M. Markose, Andrea Miglionico and Kallol Sen), Journal of Banking Regulation, Vol. 19, Issue 1 - Threshold-based forward guidance
(Lena Boneva, Richard Harrison and Matt Waldron), Journal of Economic Dynamics and Control, Volume 90 - Optimal pay regulation for too-big-to-fail banks
(John Thanassoulis and Misa Tanaka), Journal of Financial Intermediation, Vol. 33 - The impact of EU and non-EU immigration on British wages
(Stephen Nickell and Jumana Saleheen), IZA Journal of Development and Migration - Network reconstruction with UK CDS trade repository data
(William Abel and Laura Silvestri), Quantitative Finance, Vol. 17, Issue 12 - When arm’s length is too far: relationship banking over the credit cycle
(Thorsten Beck, Hans Degryse, Ralph De Haas and Neeltje van Horen), Journal of Financial Economics, Vol. 127, Issue 1 - An interdisciplinary model for macroeconomics
(Andrew Haldane and Arthur Turrell), Oxford Review of Economic Policy, Vol. 34, Issue 1-2 - An agent-based model of corporate bond trading
(Karen Braun-Munzinger, Zijun Liu and Arthur Turrell), Quantitative Finance, Vol. 18, Issue 4 - What do the prices of UK inflation-linked securities say on inflation expectations, risk premia and liquidity risks?
(Iryna Kaminska, Zhuoshi Liu, Jon Relleen and Elisabetta Vangelista), Journal of Banking & Finance, Vol. 88 - Volatility in equity markets and monetary policy rate uncertainty
(Iryna Kaminska and Matt Roberts-Sklar), Journal of Empirical Finance, Vol. 45
2017
- Resolution of financial distress under agency frictions
(Santiago Moreno-Bromberg and Quynh-Anh Vo), Journal of Banking and Finance, Vol. 82 - Initial margin model sensitivity analysis and volatility estimation
(Melanie Houllier and David Murphy) Journal of Financial Market Infrastructures, Vol. 5, No. 4 - Interactions among High-Frequency Traders
(Evangelos Benos, James Brugler, Erik Hjalmarsson and Filip Zikes) Journal of Financial and Quantitative Analysis, Vol. 52, Issue 4 - Statistical mechanics of complex economies
(Marco Bardoscia, Giacomo Livan, Matteo Marsili), Journal of Statistical Mechanics: Theory and Experiment - Managing market liquidity risk in central counterparties
(Evangelos Benos, Pedro Gurrola-Perez and Michael Wood), Journal of Financial Market Infrastructures, Vol. 5, No. 4 - Macroprudential policy under uncertainty
(Saleem Bahaj and Angus Foulis), International Journal of Central Banking, Vol. 13(3) - Central Counterparties (CCPs) and the law of default management
(Jo Braithwaite and David Murphy), Journal of Corporate Studies. Published online: 5 Jan 2017 - Household debt and the dynamic effects of income tax changes
(James Cloyne and Paolo Surico), Review of Economic Studies, Vol. 84, Issue 1 - On a tight leash: Does bank organizational structure matter for macroprudential spillovers?
(Danisewicz, P, Reinhardt, D and Sowerbutts, R), Journal of International Economics, Vol. 109 - A non-cooperative foundation for the continuous Raiffa solution
(Bram Driesen, Peter Eccles and Nora Wegner), International Journal of Game Theory, Vol. 46, Issue 4 - Resolving a multi-million dollar contract dispute with a Latin Square
(William B Fairley, Peter J Kempthorne, Julie Novak, Scott McGarvie, Steve Crunk, Bee Leng Lee and Alan J Salzberg), The American Statistician, Vol. 71, Issue 3 - Assessing vulnerabilities to financial shocks in some key global economies
(Jack Fisher and Lukasz Rachel), Journal of Risk Management in Financial Institutions, Vol. 10, No. 1 - Current account deficits during heightened risk: menacing or mitigating?
(Kristin Forbes, Ida Hjortsoe and Tsvetelina Nenova), The Economic Journal, Vol. 127, Issue 601 - The spillovers, interactions, and (un)intended consequences of monetary and regulatory policies
(Kristin Forbes, Dennis Reinhardt and Tomasz Wieladek), Journal of Monetary Economics, Vol. 85 - International banking and cross-border effects of regulation: lessons from the Netherlands
(Jon Frost, Jakob de Haan and Neeltje van Horen), International Journal of Central Banking, Vol. 13(1) - International banking and cross-border effects of regulation: lessons from the United Kingdom
(Robert Hills, Dennis Reinhardt, Rhiannon Sowerbutts and Tomasz Wieladek), International Journal of Central Banking, Vol. 13, Supplement 1 - Least squares estimation of large dimensional threshold factor models
(Daniele Massacci), Journal of Econometrics, Vol. 197, Issue 1 - Tail risk dynamics in stock returns: links to the macroeconomy and global markets connectedness
(Daniele Massacci), Management Science, Vol 63, Issue 9 - I’ve got you under my skin: large central counterparty financial resources and the incentives they create
(David Murphy), Journal of Financial Market Infrastructures, Vol. 5, No. 3 - Estimating ‘hedge and auction’ liquidation costs in central counterparties: a closeout risk approach
(Luis Vicente, Fernando Cerezetti and Alan De Genaro), Journal of Financial Market Infrastructures, Vol. 6, No. 1
2016
- The Bank of England/NMG Survey of household finances (G Anderson, P Bunn, A Pugh and A Uluc) Fiscal Studies, Vol. 37, Issue 1
- The role of collateral in supporting liquidity (Y Baranova, Z Liu and J Noss) Journal of Financial Market Infrastructures, Vol. 5, No. 1
- Price discovery and the cross-section of high-frequency trading (E Benos and S Sagade) Journal of Financial Markets, Vol. 30
- What moves international stock and bond markets? (G Cenedese and E Mallucci) Journal of International Money and Finance, Vol. 60
- What do stock markets tell us about exchange rates? (G Cenedese, R Payne, L Sarno and G Valente) Review of Finance, Vol. 20, Issue 3
- Does US partisan conflict matter for the euro area? (C H J Cheng, J Chiu and W B Hawkins) Economics Letters, Vol. 138
- The macroeconomic effects of monetary policy: a new measure for the United Kingdom (J Cloyne and P Hürtgen) American Economic Journal: Macroeconomics, Vol. 8, No. 4
- CCPs in crisis: International Commodities Clearing House, New Zealand Futures and Options Exchange (R T Cox, D Murphy and E Budding) Journal of Financial Market Infrastructures, Vol. 4, No 3
-
Factor complementarity and labour market dynamics (F Di Pace and S Villa) European Economic Review, Vol. 82
-
Exchange rate regimes and current account adjustment: an empirical investigation (F Eguren Martin) Journal of International Money and Finance, Vol. 65
-
Using Shapley’s asymmetric power index to measure banks’ contributions to systemic risk (R Garratt, L Webber and M Willison) Journal of Network Theory in Finance, Vol. 2, No. 2
-
Imbalances and fiscal policy in a monetary union (I Hjortsoe) Journal of International Economics, Vol. 102
-
A new summary measure of inflation expectations (G Kapetanios, B Maule and G Young) Economics Letters, Vol. 149
-
Evaluating the robustness of UK term structure decompositions using linear regression methods (S Malik and A Meldrum) Journal of Banking and Finance, Vol. 67
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Integrating macro-prudential policy: central banks as the ‘third force’ in EU financial reform (S McPhilemy) West European Politics, Vol. 39, No. 3
- The effect of labor and financial frictions on aggregate fluctuations (H Mumtaz and F Zanetti) Macroeconomic Dynamics, Vol. 20, Issue 1
-
I want security: stylized facts about CCP collateral and their systemic context (D Murphy, H Holden and M Houllier) Journal of Financial Market Infrastructures, Vol. 5, No. 2
-
Identifying historical episodes for CCP stress testing (D Murphy and D Macdonald) Journal of Financial Market Infrastructures, Vol. 4, No 3
- Capital stocks and capital services: integrated and consistent estimates for the United Kingdom, 1950-2013 (N Oulton and G Wallis) Economic Modelling, Vol. 54
- An intellectual property-based approach to the mandatory disclosure among lenders of credit data for small and medium enterprises (P Siciliani) Journal of Banking Regulation, Vol. 17, Issue 4
- Efficient evaluation of collisional energy transfer terms for plasma particle simulations (A E Turrell, M Sherlock and S J Rose) Journal of Plasma Physics, Vol. 82, Issue 1
- Tax incentives and investment in the UK (G Wallis) Oxford Economic Papers, Vol. 68, Issue 2
2015
- The two faces of cross-border banking flows (Dennis Reinhardt and Steven J Riddiough), IMF Economic Review, Vol. 63, Issue 4
- Curbing the credit cycle (D Aikman, A G Haldane and B D Nelson) The Economic Journal, Vol. 125, Issue 585
- Reputation, risk-taking and macroprudential policy (D Aikman, B Nelson and M Tanaka) Journal of Banking and Finance, Vol. 50
- Simple banking: profitability and the yield curve (P Alessandri and B Nelson) Journal of Money, Credit and Banking, Vol. 47, Issue 1
- Risky bank lending and countercyclical capital buffers (J Benes and M Kumhof) Journal of Economic Dynamics and Control, Vol. 58
- Big data and central banks (D Bholat) Big Data and Society, April
- Inflation targeting and term premia estimates for Latin America (A Blake, G Rule and O Rummel) Latin American Economic Review, Vol. 24, Issue 1
- House Prices and Rents: Microevidence form a Matched Data Set in Central London (P Bracke) Real Estate Economics, Vol. 43, Issue 2
- Bayesian mixed frequency VARs (J Chiu, B Eraker, A T Foerster, T B Kim and H D Seoane) Journal of Financial Econometrics, Vol. 13, Issue 3
- An empirical sectoral model of unconventional monetary policy: the impact of QE (J Cloyne, R Thomas, A Tuckett and S Wills) The Manchester School, Vol. 83, Supplement S1
- FDI, debt and capital controls (S Dell'Erba and D Reinhardt) Journal of International Money and Finance, Vol. 58
- DSGE priors for BVAR models (T Filippeli and K Theodoridis) Empirical Economics, Vol. 48, Issue 2
- Estimating the effects of forward guidance in rational expectations models (R Harrison) European Economic Review, Vol. 79
- Generalised density forecast combinations (G Kapetanios, J Mitchell, S Price and N Fawcett) Journal of Econometrics, Vol. 188, Issue 1
- A new approach to multi-step forecasting using dynamic stochastic general equilibrium models (G Kapetanios, S Price and K Theodoridis) Economics Letters, Vol. 136
- Factor adjustment costs: a structural investigation (H Mumtaz and F Zanetti) Journal of Economic Dynamics and Control, Vol. 51
- Optimal tolerance for failure (C Siegert and P Trepper) Journal of Economic Behavior and Organization, Vol. 109
- Monetary policy and the financial sector (A Singh, S Stone and J Suda) Economics Letters, Vol. 132
- Ultrafast collisional ion heating by electrostatic shocks (A E Turrell, M Sherlock and S J Rose) Nature Communications, Vol. 6
- The Central Bank Balance Sheet As a Policy Tool: Lessons From the Bank of England's Experience
-
2024
- How Curvy is the Phillips Curve?
(Philip Bunn, Lena Anayi, Nicholas Bloom, Paul Mizen, Gregory Thwaites and Ivan Yotzov), NBER Working Paper No. 33234 - The Role of Finance for Export Dynamics: Evidence from the UK
(Aydan Dogan and Ida Hjortsoe), CEPR Discussion Paper No. 19027 - Energy and Climate Policy in a DSGE Model of the United Kingdom
(Stephen Millard and Sandra Batten), NIESR Discussion Paper No. 553 - Firm Climate Investment: A Glass Half-Full
(Prachi Srivastava, Nicholas Bloom, Philip Bunn, Paul Mizen, Gregory Thwaites and Ivan Yotzov), NBER Working Paper No. 33081 - The Speed of Firm Response to Inflation
(Ivan Yotzov, Nicholas Bloom, Philip Bunn, Paul Mizen and Gregory Thwaites) NBER Working Paper No. 32731
2023
- Price discrimination and mortgage choice
(Jamie Coen, Anil Kashyap and May Rostom), CEPR Discussion Paper No. 18478 - Price discrimination and mortgage choice
(Jamie Coen, Anil Kashyap and May Rostom), NBER Working Paper No. 31652
2022
- The ‘F words’: why surveying businesses about intangibles is so hard
(Josh Martin and Cain Baybutt), Economic Statistics Centre of Excellence, Discussion Paper No. 2022-20
2021
- Rights, duties, best interests? Critically assessing the emerging jurisprudence of financial consumer protection
(Colin Shields), Financial Regulation International - Sectoral shocks and monetary policy in the United Kingdom
(Huw Dixon, Jeremy Franklin and Steven Millard), Cardiff Economics Working Paper No. E2021/10 - The impact of COVID-19 on artificial intelligence in banking
(Julia Anderson, David Bholat, Mohammed Gharbawi and Oliver Thew), Bruegel
2020
- Central bank swap lines during the Covid-19 pandemic
(Saleem Bahaj and Ricardo Reis), Covid Economics, Centre for Economic Policy Research - (Iryna Kaminska, Haroon Mumtaz and Roman Sustek), Centre for Macroeconomics Discussion Paper, CFM-DP2020-24
- Supervision reforms in the frame
(Pau Ling Yap and Paolo Cadoni), The Actuary, June - Climate change: macroeconomic impact and implications for monetary policy
(Sandra Batten, Rhiannon Sowerbutts and Misa Tanaka), Chapter 2 in Walker, T, Gramlich, D, Bitar, M and Fardnia, P (eds), Ecological, Societal, and Technological Risks and the Financial Sector, Palgrave Studies in Sustainable Business In Association with Future Earth, Palgrave Macmillan
2019
- UK Business and Financial Cycles Since 1660 - Volume I: A Narrative Overview
(Nicholas Dimsdale and Ryland Thomas) Palgrave Macmillan - Monetary policy for commodity booms and busts
(Thomas Drechsel, Michael McLeay and Silvana Tenreyro), Jackson Hole Economic Policy Symposium - Challenges for Monetary Policy - In the face of spillovers: prudential policies in emerging economies
(Andra Coman and Simon Lloyd), ECB Working Paper Series No. 2339 - Exchange rate risk and business cycles
(Simon Lloyd and Emile Marin), Cambridge Working Papers in Economics CWPE1996 - Mortgage cash-flows and employment
(Fergus Cumming), Centre for Macroeconomics Discussion Paper, CFM-DP2019-22 - The Brexit vote, productivity growth and macroeconomic adjustments in the United Kingdom
(Ben Broadbent, Federico Di Pace, Thomas Drechsel, Richard Harrison and Silvana Tenreyro), Centre for Macroeconomics Discussion Paper, CFM-DP2019-16 - Optimal inflation and the identification of the Phillips curve
(Michael McLeay and Silvana Tenreyro), chapter in Eichenbaum, M S, Hurst, E and Parker, J A (eds), NBER Macroeconomics Annual 2019, Vol. 34 - Revisiting the global decline of the (non-housing) labor share
(Germán Gutiérrez and Sophie Piton), Centre for Macroeconomics Discussion Paper, CFM-DP2019-13 - Four years of concurrent stress testing at the Bank of England: developing the macroprudential perspective
(Rohan Churm and Paul Nahai-Williamson), Chapter 6 in Siddique, A, Hasan, I and Lynch, D (eds), Stress Testing (2nd Edition), Approaches, Methods and Applications, Risk Books - Do unit labour costs matter? A decomposition exercise on European data
(Sophie Piton), Centre for Macroeconomics Discussion Paper, CFM-DP2019-10 - Shapley regressions: A framework for statistical inference on machine learning models
(Andreas Joseph), King’s Business School, DAFM Working Paper Series No. 2019/7 - Estimating market-implied value with jump-diffusion models
(Somnath Chatterjee and Ken Deeley), MathWorks Technical Articles and Newsletters
2018
- The BoC-BoE Sovereign Default Database revisited: what’s new in 2018?
(David Beers and Jamshid Mavalwalla), Bank of Canada Staff Working Paper 2018-30 - The missing link: monetary policy and the labor share
(Cristiano Cantore, Filippo Ferroni and Miguel A. Leon-Ledesma), Centre for Macroeconomics Discussion Paper, CFM-DP2018-29 - History dependence in the housing market
(Philippe Bracke and Silvana Tenreyro), CEP Discussion Paper No. 1568 - Macroprudential policy in a globalised world
(Dennis Reinhardt and Rhiannon Sowerbutts), Chapter 8 in Mizen, P, Rubio, M and Turner, P (eds), Macroprudential Policy and Practice, Cambridge University Press - Monetary policy, corporate finance and investment
(James Cloyne, Clodomiro Ferreira, Maren Froemel and Paolo Surico), NBER Working Paper No. 25366 -
House price dynamics, optimal LTV limits and the liquidity trap
(Andrea Ferrero, Richard Harrison and Benjamin Nelson), CEPR Discussion Paper DP13400 - Bank risk-taking and misconduct
(Ieva Sakalauskaite), Bank of Lithuania Working Paper No. 53 - Macroprudential FX regulations: shifting the snowbanks of FX vulnerability?
(Toni Ahnert, Kristin Forbes, Christian Friedrich and Dennis Reinhardt), NBER Working Paper No. 25083 - To ask or not to ask? Bank capital requirements and loan collateralization
(Hans Degryse, Artashes Karapetyan and Sudipto Karmakar), CEPR Discussion Paper DP13331 - Climate change: what implications for central banks and financial regulators?
(Sandra Batten, Rhiannon Sowerbutts and Misa Tanaka), Chapter in Caldecott, B (ed), Stranded Assets and the Environment: Risk, Resilience and Opportunity, Routledge Explorations in Environmental Studies - Central bank accounting
(David Bholat and Robin Darbyshire), Chapter 16 in Conti-Brown, P and Lastra, R M (eds), Research Handbook on Central Banking, Edward Elgar - Macroprudential FX regulations: shifting the snowbanks of FX vulnerability?
(Toni Ahnert, Kristin Forbes, Christian Friedrich and Dennis Reinhardt), MIT Sloan School Working Paper 5293-18
2017
- Solvency II in the UK - evolution rather than revolution (David Humphry), Chapter in Marano, P and Siri, M (eds), Insurance regulation in the European Union - Solvency II and beyond, Palgrave Macmillan
- Business cycles in an oil economy
(Drago Bergholt, Vegard H Larsen and Martin Seneca), BIS Working Papers No. 618 - Peer-to-peer lending and financial innovation in the UK
(D Bholat and U Atz), Chapter in Aldohni, A K (ed), Law and finance after the financial crisis: the untold stories of the UK financial market, Routledge - Identifying ‘Uber Risk’: central banks’ analytics aid stability
(David Bholat and Chiranjit Chakraborty), Global Public Investor, June - Threshold-based forward guidance: hedging the zero bound
(Lena Boneva, Richard Harrison and Matt Waldron), CEPR Discussion Paper No. 11749 - The consumption response to positive and negative income changes
(Philip Bunn, Jeanne LeRoux, Kate Reinold and Paolo Surico), CEPR Discussion Paper No. 11829 - Culture and household saving
(Benjamin Guin), ECB Working Paper Series No. 2069 - Labour market adjustment in Europe during the crisis: microeconomic evidence from the Wage Dynamics Network survey
(Mario Izquierdo, Juan Francisco Jimeno, Theodora Kosma, Ana Lamo, Stephen Millard, Tairi Rõõm, Eliana Viviano), ECB Occasional Paper Series No. 192 - The leverage ratio, risk-taking and bank stability
(Jonathan Acosta Smith, Michael Grill, Jan Hannes Lang), ECB Working Paper Series No. 2079 - UK broad money growth and nominal spending during the Great Recession: an analysis of the money creation process and the role of money demand
(R Thomas), Chapter in Congdon, T (ed), Money in the Great Recession: Did a Crash in Money Growth Cause the Global Slump?, Buckingham Studies in Money, Banking and Central Banking, Edward Elgar - Capital requirements, risk shifting and the mortgage market
(Arzu Uluc and Tomasz Wieladek), ECB Working Paper Series No. 2061
2016
- Monetary versus macroprudential policies: causal impacts of interest rates and credit controls in the era of the UK Radcliffe Report (D Aikman, O Bush and A M Taylor), NBER Working Paper No. 22380; CEPR Discussion Paper No. 11353; LSE Economic History Working Paper No. 246
- The residential collateral channel (S Bahaj, A Foulis and G Pinter), Centre for Macroeconomics Discussion Paper No. CFM-DP2016-07
- Modelling metadata in central banks (D Bholat) ECB Statistics Paper No. 13
- The analysis of money and credit during the financial crisis: the approach at the Bank of England (J Bridges, J Cloyne, R Thomas and A Tuckett), Chapter in Cobham, D (ed), Monetary analysis at central banks, Palgrave Macmillan
- Household debt and spending in the United Kingdom (P Bunn and M Rostom), Chapter in Chadha, J, Crystal, A, Pearlman, J, Smith, P and Wright, S (eds), The UK economy in the long expansion and its aftermath, Cambridge University Press
- VAR models with non-Gaussian shocks (J Chiu, H Mumtaz and G Pinter), Centre for Macroeconomics Discussion Paper No. CFM-DP2016-09
- The real effects of capital requirements and monetary policy: evidence from the United Kingdom (F De Marco and T Wieladek), CEPR Discussion Paper No. 11265
- QE: the story so far (A Haldane, M Roberts-Sklar, T Wieladek and C Young), CEPR Discussion Paper No. 11691
- Monetary policy and the current account: theory and evidence (I Hjortsoe, M Weale and T Wieladek), CEPR Discussion Paper No. 11204
- UK broad money growth in the long expansion, 1992–2007: what can it tell us about the role of money? (M McLeay and R Thomas), Chapter in Chadha, J, Crystal, A, Pearlman, J, Smith, P and Wright, S (eds), The UK economy in the long expansion and its aftermath, Cambridge University Press
- Capital requirements, risk shifting and the mortgage market (A Uluc and T Wieladek), CEPR Discussion Paper No. 11214
- Market discipline, public disclosure and financial stability (P Zimmerman and R Sowerbutts), Chapter in The Handbook of post crisis financial modelling, Palgrave Macmillan
2015
- Interest rates, debt and intertemporal allocations: evidence from notched mortgage contracts in the UK (M Best, J Cloyne, E Ilzetzki and H Kleven), July 2015 NBER conference paper
- Monetary policy when households have debt (J Cloyne, C Ferreira and P Surico), July 2015 NBER conference paper
- Monetary policy when households have debt: new evidence on the transmission mechanism (J Cloyne, C Ferreira and P Surico), CEPR Discussion Paper No. 11023
- Notes on the Underground: monetary policy in resource-rich economies (A Ferrero and M Seneca), OxCarre Research Paper Series No. 158
- Deposit protection and bank resolution (N Kleftouri), Oxford University Press
- Sovereign risk and financial crisis (S Pepino), Palgrave Macmillan
- How Curvy is the Phillips Curve?
Our research with Central Banks (ECONDAT)
ECONDAT is a network for central bank researchers and practitioners exploring data science, non-traditional data, and advanced analytics in economics. Topics include machine learning, artificial intelligence (AI), natural language processing (NLP), and the use of large or unstructured datasets to understand the economy.
We host interactive knowledge sessions throughout the year - by central bank staff, for central bank staff- covering research, technical presentations, and practical applications. The sessions are coordinated by the Bank of England, Banca d’Italia, European Central Bank, and the Federal Reserve Board. To join the mailing list or suggest topics, email ECONDAT@frb.gov from your institutional address.
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This page was last updated 24 July 2025