Bank of England

This tag is associated with 19 posts

The relationship between UK current account deficit and EUR/GBP exchange rate

Stefano Fugazzi (ABC Economics) reports As noted in the July issue of ‘The World of ABC Economics’, Britain’s current account deficit (see Note) has been a cause of concern for many economists who have been trying to project the value of the pound. The graph below shows how the level of current account deficit in Britain is susceptible to … Continue reading

Here’s why the British pound could depreciate further

Click here to download your FREE COPY of the July 2016 issue of the ABC Economics Magazine “The Brexit Delusion” Stefano Francesco Fugazzi  reports. According to a number of leading economists, the British pound is too strong, hurting both exports and current account balance. In the aftermath of the Brexit vote, the British pound lost ground … Continue reading

The impact of immigration on wages in the UK #Brexit

BANK OF ENGLAND – Staff Working Paper No. 574 (December 2015)/ The impact of immigration on occupational wages: evidence from Britain Stephen Nickell and Jumana Saleheen Extract from the ‘Understanding Brexit’ seminar by Stefano F. Fugazzi (abceconomics.com) The recent rise in UK immigration has been a hotly debated and politically charged topic. The debate increased at the time … Continue reading


London, 21 February 2016 PRESS RELEASE – UNDERSTANDING BREXIT Download the Press Release in PDF ABC ECONOMICS held its first Understanding Brexit conference on Saturday 20 February at the University of Westminster. Approximately 70 people attended the event, comprising working professionals, entrepreneurs, academics, students and members of MIE (Movimento Italiano in Europa) and the London … Continue reading

Bank of England QE statistics as at December 2015

Sourced from Bank of England’s “Asset Purchase Facility Quarterly Report – 2015 Q4” Chart 1 shows the cumulative net asset purchases by type between the establishment of the Fund and 31 December 2015. As of 31 December 2015 cumulative assets purchased net of sales and redemptions totalled £374.9 billion. Table A summarises the amount of … Continue reading

UK banks do NOT fear #Brexit!

1 December 2015 – According to a bank of England survey (the ‘Systemic Risk Survey’) published today, geopolitics (Syria and Middle East), Cyber terrorism and Euro Zone (Sovereign risks) pose more threat to the UK financial system than uncertainties arising in the UK (‘Brexit’ or general elections). The seven risks most frequently cited in the … Continue reading

Carney: the impact of the EU membership on Bank of England

Speech given by the Governor of the Bank of England (‘The Bank’), Mark Carney, presenting the findings of a report highlighting the impact of the European Union membership on the the Bank’s ability to achieve thier monetary and financial stability objectives (Notes 1 and 2 )  *** (21 October 2015) I would like to be clear at the outset what this report is about, … Continue reading

Positive Money comments on Corbyn’s people’s QE in the UK

The following analysis was sourced from Positive Money, a British think tank which has put forward proposals for a radical overhaul of economic and monetary matters. Positive Money -Despite going almost unmentioned during the UK general election, monetary policy has unexpectedly taken centre stage in recent weeks.  The Labour leadership front-runner Jeremy Corbyn’s proposal for … Continue reading

Beyond the Taylor rule. A New-Keynesian model to understand inflation and central bank policies

Stefano Fugazzi (ABC Economics) – Hereafter we present the main conclusions of a Bank of England research paper published on 10 July 2015 by John Barrdear (“Towards a New Keynesian theory of the price level”) where the author challenges the Taylor rule (also known as Taylor principle) under the Blanchard-Kahn conditions. A critique of the Taylor … Continue reading

Il QE inglese e l’impatto sui requisiti di liquidità di Basilea 3

A cura di Stefano Fugazzi (ABC Economics) – Di seguito un approfondimento di ABC Economics sul Quantitative Easing (QE) britannico e i suoi legami con i requisiti di liquidità di Basilea 3. Come sapete, la Banca d’Inghilterra nel 2009 ha avviato il proprio programma di acquisto di titoli, il “Loan to Asset Purchase Facility”, che … Continue reading

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