Economic Modelling at the Bank of England

  • S. G. B. Henry
  • K. D. Patterson

Table of contents

About this book


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.


Portfolio asset pricing asset pricing model consumer earnings econometrics economics economy elasticity institutions liquidity modeling optimal control pricing value-at-risk

Editors and affiliations

  • S. G. B. Henry
    • 1
  • K. D. Patterson
    • 2
    • 3
  1. 1.Economics DivisionBack of EnglandUK
  2. 2.Department of EconomicsUniversity of ReadingUK
  3. 3.Bank of EnglandUK

Bibliographic information

  • DOI
  • Copyright Information Springer Science+Business Media B.V. 1990
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-6674-7
  • Online ISBN 978-94-009-0419-4
  • Buy this book on publisher's site