The Bank of England has released its 2011 Quarterly Bulletin, filled with the usual high quality analysis.
In addition to the Markets and Operations review, there are articles on:
- Understanding the recent weakness in broad money growth
- Understanding labour force participation in the United Kingdom
- China’s changing growth pattern
- Summaries of recent Bank of England working papers
- Wage rigidities in an estimated DSGE model of the UK labour market
- The contractual approach to sovereign debt restructuring
- Are EME indicators of vulnerability to financial crises decoupling from global factors?
- Low interest rates and housing booms: the role of capital inflows, monetary policy
and financial innovation - Mapping systemic risk in the international banking network
- A Bayesian approach to optimal monetary policy with parameter and model uncertainty
In the United Kingdom, despite the reduction in sterling corporate bond spreads, the cost of corporate bond finance for investment-grade non-financial companies increased slightly, on account of the rise in government bond yields. An indicative measure of the nominal cost of equity finance for UK companies had also risen slightly (Chart 13).
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