Research

2021

• 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

• 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
• Macroprudential FX regulations: shifting the snowbanks of FX vulnerability?
  (Toni Ahnert, Kristin Forbes, Christian Friedrich and Dennis Reinhard), Journal of Financial Economics
• 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
• Ambiguity, monetary policy, and trend inflation
  (Riccardo M. Masolo and Francesca Monti), Journal of the European Economic Association
• 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 
• 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
• 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 
• Overnight indexed swap-implied interest rate expectations
  (Simon P. Lloyd), Finance Research Letters
• Revisiting the global decline of the (non-housing) labor share
  (Germán Gutiérrez and Sophie Piton), American Economic Review: Insights, Vol. 2
• Foreign banks and trade
  (Stijn Claessens and Neeltje van Horen), Journal of Financial Intermediation
• 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 cost of human capital depreciation during unemployment
  (Lien Laureys), The Economic Journal
• The nexus between CEO incentives and analysts' earnings forecasts
  (Anna Bagntasarian and Emmanuel Mamatzakis), International Journal of Finance and Economics
• The missing link: monetary policy and the labor share
  (Cristiano Cantore, Filippo Ferroni and Miguel León-Ledesma), Journal of the European Economic Association
• 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
• Tail risk interdependence
  (Ching-Wai (Jeremy) Chiu, Arnold Polanski and Evarist Stoja), International Journal of Finance and Economics
• Capital requirements and mortgage pricing: evidence from Basel II
  (Matteo Benetton, Peter Eckley, Nicola Garbarino, Liam Kirwin and Georgia Latsi), Journal of Financial Intermediation 
• Common correlated effect cross‐sectional dependence corrections for non‐linear conditional mean panel models
  (Sinem Hacıoğlu Hoke and George Kapetanios), Journal of Applied Econometrics
• 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

• Gilt auctions and secondary market dynamics
  (Lucas Marc Fuhrer and Julia Giese), Finance Research Letters
• 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
• 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
• 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
• 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

2020

• 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