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Macroeconomics
Searching, Recalls, and Tightness
Fabian Lange discusses the state of the labor market six months into the COVID recession, focusing particularly on…
Fiscal consolidations and distributional effects
Distributional consequences of fiscal austerity, while being increasingly recognized in the policy debate, have received little attention in…
Bank liquidity and the cost of debt
Since the 2007–09 crisis, tougher bank liquidity regulation has been imposed which aims to ensure banks can survive a…
Brexit and Foreign Investment in the UK
Since the outcome on the UK’s exit (‘Brexit’) from the European Union (EU) referendum there has been much…
Uncertain Kingdom: nowcasting GDP and its revisions
Nikoleti Anesti discusses a new econometric framework to nowcast macroeconomic data subject to revisions, and uses it to…
Lending relationships and the collateral channel
Corporate investment is known to respond strongly to cyclical swings in firms’ collateral values. This collateral channel is…
Banks are not intermediaries of loanable funds
In the intermediation of loanable funds model of banking, banks accept deposits of pre-existing real resources from savers…
Let’s talk about the weather: the impact of climate change on central banks
Misa Tanaka examines the channels via which climate change and policies to mitigate it could affect a central bank’s…
A tiger by the tail: estimating the UK mortgage market vulnerabilities from loan-level data
Following the global financial crisis, macroprudential regulators in a number of countries took actions to mitigate risks arising from…
The Bank of England: 1950s to 1979
Forrest Capie discusses the history of the Bank of England from the 1950s to the end of the 1970s.…
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