Economic Modelling at the Bank of England (International Studies in Economic Modelling) - Hardcover

Hardcover

ISBN 10: 0412357100 ISBN 13: 9780412357107

Publisher: Chapman and Hall, 1990

Synopsis

J. S. FLEMMING The Bank of England's role as a leading central bank involves both formal and informal aspects. At a formal level it is an adviser to HM Government, whilst at an informal level it is consulted by domestic and overseas institutions for advice on many areas of economic interest. Such advice must be grounded in an understanding of the workings of the domestic and international economy-a task which becomes ever more difficult with the pace of change both in the economy and in the techniques which are used by professional economists to analyse such changes. The Bank's economists are encouraged to publish their research whenever circumstances permit, whether in refereed journals or in other ways. In particular, we make it a rule that the research underlying the Bank's macroeconometric model, to which outside researchers have access through the ESRC (Economic and Social Research Council) macromodelling bureau, should be adequately explained and documented in published form. This volume expands the commitment to make research which is undertaken within the Economics Division of the Bank of England widely available. Included here are chapters which illustrate the breadth of interests which the Bank seeks to cover. Some of the research is, as would be expected, directly related to the specification of the Bank's model, but other aspects are also well represented.

About this title

Synopsis

The papers collected together in this volume are a representative sample of quantitative research undertaken recently in the Economics Division of the Bank of England which spans many aspects of economics, involving both macroeconomic and microeconomic studies. Throughout the programme of research there is an interest in identifying, and where possible quantifying, the links between the real and financial sectors of the economy. In this book the editors have selected research papers which illustrate these facets of empirical research, and they have consciously decided not to include material on the the more short-term activities relating to reporting and briefing.

Edition details

• Publisher: Chapman and Hall
• Publication date: 1990
• Language: English
• ISBN 10: 0412357100
• ISBN 13: 9780412357107
• Binding: Hardcover
• Edition number: 1
• Number of pages: 261
• Editor: Henry G. B.