Bank of England working papers

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62: The Demand for M4: A Sectoral Analysis Part 2 The Corporate Sector

Ryland Thomas

61: The Demand for M4: A Sectoral Analysis. Part 1 - The Personal Sector

Ryland Thomas

60: Testing the predictive power of dividend yields: non-parametric evidence from the G5

Francis Breedon, Marco Bianchi and Darren Sharma

59: Which Inter-dealer Market Prevails? An analysis of inter-dealer trading in opaque markets

Victoria Saporta

58: The determinants of UK business cycles

Allison Holland and Andrew Scott

57: Why do the LIFFE and DTB bund futures contracts trade at different prices?

Francis Breedon

56: Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets

Lars Svensson

55: The information content of the short end of the term structure of interest rates

Marco Rossi

54: Monetary Policy Uncertainty and Central Bank Accountability

Charles Nolan and Eric Schaling

53: What Determines the Short-run Output-Inflation Trade-off?

Anthony Yates and Bryan Chapple

52: Feasible Mechanisms for Achieving Monetary Stability: a Comparison of Inflation Targeting and the ERM

Matthew Canzoneri, Charles Nolan and Anthony Yates

51: UK Asset Price Volatility Over the Last 50 Years

Nicola Anderson and Francis Breedon

50: Unemployment persistence: Does the size of the shock matter?

Marco Bianchi and Gylfi Zoega

49: Independence and Accountability

Clive Briault, Andrew Haldane and Mervyn King

48: The Construction of the Bank's new UK Commodity Price Index

Andrew Logan and Lucy O'Carroll

47: Measurement Bias in Price Indices: An Application to the UK's RPI

Alastair Cunningham

46: A Market for Intra-day Funds: Does it Have Implications for Monetary Policy?

Spencer Dale and Marco Rossi

45: Base Money Rules in the UK

Andrew Haldane, Bennett McCallum and Chris Salmon

44: A Comparison of Methods for Seasonal Adjustment of the Monetary Aggregates

Marco Bianchi

43: International Bank Lending to LDCs - an Information-Based Approach

Prasanna Gai

42: Bidding and Information: Evidence from Gilt-Edged Auctions

Francis Breedon and Joe Ganley

41: Optimal Commitment in an Open Economy: Credibility vs. Flexibility

Sylvester Eijffinger and Eric Schaling

40: Rules, Discretion and the United Kingdom's New Monetary Framework

Andrew Haldane

39: Valuation of underwriting agreements for UK rights issues: evidence from the traded option market

Francis Breedon and Ian Twinn

38: The Microstructure of the UK gilt market

James Proudman

37: Wage Interactions: Comparisons or Fall-back Options?

Jennifer Smith

36: Testing for convergence: evidence from non-parametric multimodality tests

Marco Bianchi

35: Money as an Indicator

Mark S Astley and Andrew Haldane

34: How Cyclical is the PSBR?

Joanna Paisley and Chris Salmon

33: Granger causality tests in the presence of structural changes

Marco Bianchi

32: An assessment of the relative importance of real interest rates, inflation and term premia in determining the prices of real and nominal UK bonds

David Barr and Bahram Pesaran

31: Measuring Core Inflation

Danny Quah and Shaun Vahey

30: Modelling UK Inflation Uncertainty: The Impact of News and the Relationship with Inflation

Michael Joyce

29: Pricing Deposit Insurance in the United Kingdom

David Maude and William Perraudin

28: The Construction of RPIY

Roger Beaton and Paul Fisher

27: Inflation, inflation risks and asset returns

Jo Corkish and David Miles

26: New currencies in the Former Soviet Union: a recipe for hyperinflation or the path to price stability

Chris Melliss and Mark Cornelius

25: Potential credit exposure on interest rate swaps

Ian Bond, Gareth Murphy and Gary Robinson

24: Estimating the Term Structure of Interest Rates

Mark Deacon and Andrew Derry

23: Deriving Estimates of Inflation Expectations from the Prices of UK Government Bonds

Mark Deacon and Andrew Derry

22: A Model of Building Society Interest Rate Setting

Joanna Paisley

21: An Empirical Analysis of M4 in the United Kingdom

Paul Fisher and Juan Vega

20: M0: Causes and Consequences

Francis Breedon and Paul Fisher

19: The Effect of Futures Trading on Cash Market Volatility: Evidence from the London Stock Exchange

Gary Robinson

18: Interest rates and the channels of monetary transmission: some sectoral estimates

Spencer Dale and Andrew Haldane

17: Interest rate control in a model of monetary policy

Spencer Dale and Andrew Haldane

16: The Statistical Distribution of Short-Term Libor Rates Under Two Monetary Regimes

Bahram Pesaran and Gary Robinson

15: Tradable and non-tradable prices in the UK and EC: measurement and explanation

C L Melliss

14: House prices, arrears and possessions: A three equation model for the UK

Francis Breedon and Michael Joyce

13: Temporary cycles or volatile trends? Economic fluctuations in 21 OECD economies

Gabriel Sterne and Tamim Bayoumi

12: Regional Trading Blocs, Mobile Capital and Exchange Rate Co-ordination

Gabriel Sterne and Tamim Bayoumi

11: Tax Specific Term Structures of Interest Rates in the UK Government Bond Market

Andrew Derry and Mahmood Pradhan

10: The effect of changes in official UK rates on market interest rates since 1987

Spencer Dale

9: Divisia Indices for Money: An Appraisal of Theory and Practice

Paul Fisher, Suzanne Hudson and Mahmood Pradhan

8: Bank Credit Risk

E Davis

7: A simple model of money, credit and aggregate demand

Spencer Dale and Andrew Haldane

6: An investigation of the effect of funding on the slope of the yield curve

D M Egginton and Stephen Hall

5: Financial Deregulation and Household Saving

Tamim Bayoumi

4: Testing for short-termism in the UK stock market

David Miles

3: Output, Productivity and Externalities - the Case of Banking

R J Colwell and E Davis

2: Testing real interest parity in the European Monetary System

Andrew Haldane and Mahmood Pradhan

0001: Getting through: communicating complex information

Michael McMahon and Matthew Naylor

1: Real interest parity, dynamic convergence and the European Monetary System

Andrew Haldane and Mahmood Pradhan