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Outstanding research and analysis underpins everything we do, from policymaking to providing secure banknotes.
We aim to attract and develop world-class researchers, and foster an environment that supports creative freedom and engagement with global research communities.
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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
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
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
Forward-looking solvency contagion
(Marco Bardoscia, Paolo Barucca, Adam Brinley Codd and John Hill), Journal of Economic Dynamics and Control, Vol. 108
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
Interactions among High-Frequency Traders
(Evangelos Benos, James Brugler, Erik Hjalmarsson and Filip Zikes) Journal of Financial and Quantitative Analysis, Vol. 52, Issue 4
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
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
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
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
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
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
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
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
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
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
