Bank of England Research
@BoE_Research
Followers
19K
Following
231
Statuses
4K
Research papers, #bankunderground posts, publications and news from Bank of England researchers. Staff opinion and analysis, not necessarily official BoE views
London, United Kingdom
Joined February 2018
Latest BU post outlines a model to identify the transmission of QE and QT policies…
4
5
19
Today’s BU post examines short term interest rate futures and their recent developments…
2
0
4
2/ See the underlying forthcoming JME paper by Jenny Chan (BoE), Sebastian Diz (Central Bank of Paraguay) + Derrick Kanngiesser (BoE) here:
0
0
1
5/ Hedge funds appear to have withheld liquidity provision to the market in an effort to time the bottom of the fire sale. Findings demonstrate how capital can be slow moving internally, due to contracting frictions, + externally, due to strategic arbitrager behaviour.
1
1
4
2/ Underlying paper by Jenny Chan (BoE), Sebastian Diz (Central Bank of Paraguay) + Derrick Kanngiesser (BoE) is forthcomming in the Journal of Monetary Economics
0
1
0
4/ Firms use unexpected sales realizations to learn about demand. More attentive firms, proxied by their learning gain or pricing strategy, respond significantly stronger to sales surprises. Financial constraints, productivity + uncertainty channels cannot explain the findings.
0
1
2
ICYMI: "We estimate that LDI selling accounted for half of the decline in gilt prices during this period, with fiscal policy likely accounting for the other half."
0
1
3
6/ In the absence of the housing-consumption channel, counterfactual analysis of the general-equilibrium of housing + mortgage markets shows that mortgage + house price growth would have been respectively 50% and 31% lower since the 1990s.
0
0
0