Bank of England Research
@boeresearch.bsky.social
Research papers, #bankunderground posts, publications and news from Bank of England researchers. Staff opinion and analysis, not necessarily official BoE views. https://linktr.ee/boeresearch
In today’s Bank Underground post, Tuli Saha (BoE) and Alexandra Varadi (BoE) explore how household debt shapes the transmission of interest rates to spending and mortgage defaults. 🔗 bankunderground.co.uk/2025/11/20/t...
November 21, 2025 at 1:17 PM
In today’s Bank Underground post, Tuli Saha (BoE) and Alexandra Varadi (BoE) explore how household debt shapes the transmission of interest rates to spending and mortgage defaults. 🔗 bankunderground.co.uk/2025/11/20/t...
In our latest Bank Underground post, Iulia Bucur (BoE) & Ed Hill (BoE) explore how LLMs can be applied to central bank reports—including the BoE’s Monetary Policy Reports & the BoJ’s Outlook for Economic Activity and Prices—to analyse sentiment over time.🔗 bankunderground.co.uk/2025/11/13/a...
November 18, 2025 at 3:25 PM
In our latest Bank Underground post, Iulia Bucur (BoE) & Ed Hill (BoE) explore how LLMs can be applied to central bank reports—including the BoE’s Monetary Policy Reports & the BoJ’s Outlook for Economic Activity and Prices—to analyse sentiment over time.🔗 bankunderground.co.uk/2025/11/13/a...
In our latest Bank Underground post, Arno Hantzsche (BoE) and Harriet Jeanes (BoE) outline a new model that decomposes movements in house prices across contributions from key economic drivers. Real household income key for explaining house price growth. 🔗 bankunderground.co.uk/2025/11/13/t...
November 14, 2025 at 10:01 AM
In our latest Bank Underground post, Arno Hantzsche (BoE) and Harriet Jeanes (BoE) outline a new model that decomposes movements in house prices across contributions from key economic drivers. Real household income key for explaining house price growth. 🔗 bankunderground.co.uk/2025/11/13/t...
In today’s Bank Underground post, David Rule (BoE) provides an historical account of the transition from coin to paper currency in Britian. 🔗 Read the post here: bankunderground.co.uk/2025/10/09/w...
October 9, 2025 at 9:59 AM
In today’s Bank Underground post, David Rule (BoE) provides an historical account of the transition from coin to paper currency in Britian. 🔗 Read the post here: bankunderground.co.uk/2025/10/09/w...
In today’s Bank Underground post, Peter Denton (BoE) explores how financial infrastructure could emerge as a governance tool for autonomous AI systems. 🔗 Read the post here: bankunderground.co.uk/2025/09/25/c...
September 25, 2025 at 2:53 PM
In today’s Bank Underground post, Peter Denton (BoE) explores how financial infrastructure could emerge as a governance tool for autonomous AI systems. 🔗 Read the post here: bankunderground.co.uk/2025/09/25/c...
Mike Knight (BoE) updated his April Bank Underground post that motivated the need for a benchmark global carbon price to support climate risk metrics. 🔗 Read the post here: bankunderground.co.uk/2025/04/17/a...
September 23, 2025 at 3:11 PM
Mike Knight (BoE) updated his April Bank Underground post that motivated the need for a benchmark global carbon price to support climate risk metrics. 🔗 Read the post here: bankunderground.co.uk/2025/04/17/a...
In today’s BU post, Utkarsh Somaiya (BoE), Caspar Siegert (BoE) & Benjamin Kingsmore (BoE) examine the effectiveness of some potential central bank tools that are frequently discussed as ways in which central banks could support a transition to net zero. 🔗 bankunderground.co.uk/2025/09/19/t...
September 19, 2025 at 9:57 AM
In today’s BU post, Utkarsh Somaiya (BoE), Caspar Siegert (BoE) & Benjamin Kingsmore (BoE) examine the effectiveness of some potential central bank tools that are frequently discussed as ways in which central banks could support a transition to net zero. 🔗 bankunderground.co.uk/2025/09/19/t...
In today’s Bank Underground post, Rhiannon Sowerbutts (BoE) develops a new measure of regulatory and supervisory independence, and examines its relationship with financial stability. 🔗 Read the post here: bankunderground.co.uk/2025/09/04/r...
September 4, 2025 at 1:15 PM
In today’s Bank Underground post, Rhiannon Sowerbutts (BoE) develops a new measure of regulatory and supervisory independence, and examines its relationship with financial stability. 🔗 Read the post here: bankunderground.co.uk/2025/09/04/r...
In today’s Bank Underground post, Lewis Holden (BoE) shows that differences in financed emissions reflect which activities and exposures are included, not data quality, and outlines how these metrics should be used in practice.
🔗Read the post here: bankunderground.co.uk/2025/08/28/s...
🔗Read the post here: bankunderground.co.uk/2025/08/28/s...
August 28, 2025 at 10:45 AM
In today’s Bank Underground post, Lewis Holden (BoE) shows that differences in financed emissions reflect which activities and exposures are included, not data quality, and outlines how these metrics should be used in practice.
🔗Read the post here: bankunderground.co.uk/2025/08/28/s...
🔗Read the post here: bankunderground.co.uk/2025/08/28/s...
In today’s Bank Underground post, Mohammed Gharbawi (BoE) considers the case where AGI may emerge from decentralised, interacting AI agents, and explores the implications for decision-making, risk management, market dynamics, and governance. 🔗Read the post here: bankunderground.co.uk/2025/08/21/t...
August 21, 2025 at 3:41 PM
In today’s Bank Underground post, Mohammed Gharbawi (BoE) considers the case where AGI may emerge from decentralised, interacting AI agents, and explores the implications for decision-making, risk management, market dynamics, and governance. 🔗Read the post here: bankunderground.co.uk/2025/08/21/t...
In today’s Bank Underground post, Philippe Bracke (BoE), Matt Everitt (BoE), Martina Fazio (BoE) and Alexandra Varadi (BoE) explore how UK mortgagors adjusted their spending patterns during the period of interest rate increases that began in late 2021. 🔗 bankunderground.co.uk/2025/07/24/w...
July 24, 2025 at 10:56 AM
In today’s Bank Underground post, Philippe Bracke (BoE), Matt Everitt (BoE), Martina Fazio (BoE) and Alexandra Varadi (BoE) explore how UK mortgagors adjusted their spending patterns during the period of interest rate increases that began in late 2021. 🔗 bankunderground.co.uk/2025/07/24/w...
In today’s Bank Underground post, Charlie Warburton (Cambridge) and James Brookes (BoE) develop a new set of readability metrics, and revisit the relationship between central bank communication readability and market volatility. 🔗 Read the post here: bankunderground.co.uk/2025/07/17/m...
July 17, 2025 at 9:08 AM
In today’s Bank Underground post, Charlie Warburton (Cambridge) and James Brookes (BoE) develop a new set of readability metrics, and revisit the relationship between central bank communication readability and market volatility. 🔗 Read the post here: bankunderground.co.uk/2025/07/17/m...
In today’s Bank Underground post, Hannah Copeland (BoE), Lennart Brandt (BoE), Natalie Burr (BoE) and Boromeus Wanengkirtyo (BoE) examine the impact of a tighter carbon pricing regime on UK energy prices and inflation. 🔗 Read the post here: bankunderground.co.uk/2025/07/08/w...
July 8, 2025 at 2:17 PM
In today’s Bank Underground post, Hannah Copeland (BoE), Lennart Brandt (BoE), Natalie Burr (BoE) and Boromeus Wanengkirtyo (BoE) examine the impact of a tighter carbon pricing regime on UK energy prices and inflation. 🔗 Read the post here: bankunderground.co.uk/2025/07/08/w...
In today’s Bank Underground post, Julia Giese (BoE) and Jacqueline Koay (BoE) discuss how scenario planning can be adopted by policymakers to navigate uncertainty and unpredictable events. 🔗 Read the post here: bankunderground.co.uk/2025/07/03/o...
July 3, 2025 at 9:51 AM
In today’s Bank Underground post, Julia Giese (BoE) and Jacqueline Koay (BoE) discuss how scenario planning can be adopted by policymakers to navigate uncertainty and unpredictable events. 🔗 Read the post here: bankunderground.co.uk/2025/07/03/o...
In our latest BU post, Roger Vicquéry (BoE) & Kevin Hjortshøj (Sciences Po) outline a new global index to measure how fixed the world’s exchange rates are. The index measures the probability that two units of GDP are involved in a fixed FX arrangement. 🔗 bankunderground.co.uk/2025/06/26/h...
June 30, 2025 at 3:57 PM
In our latest BU post, Roger Vicquéry (BoE) & Kevin Hjortshøj (Sciences Po) outline a new global index to measure how fixed the world’s exchange rates are. The index measures the probability that two units of GDP are involved in a fixed FX arrangement. 🔗 bankunderground.co.uk/2025/06/26/h...
In our latest Bank Underground post, Jamie Waddell (BoE) and Danny Walker (BoE) examine whether an increase in mortgage supply causes a change in UK home ownership. 🔗 Read the post here: bankunderground.co.uk/2025/06/05/m...
June 9, 2025 at 9:05 AM
In our latest Bank Underground post, Jamie Waddell (BoE) and Danny Walker (BoE) examine whether an increase in mortgage supply causes a change in UK home ownership. 🔗 Read the post here: bankunderground.co.uk/2025/06/05/m...
In our latest Bank Underground post, Miruna-Daniela Ivan (BoE) draws on the Bank of England’s Sterling Money Market Data to explore the extent of collateral re-use in the gilt repo market. 🔗 Read the post here: bankunderground.co.uk/2025/05/29/c...
June 2, 2025 at 10:14 AM
In our latest Bank Underground post, Miruna-Daniela Ivan (BoE) draws on the Bank of England’s Sterling Money Market Data to explore the extent of collateral re-use in the gilt repo market. 🔗 Read the post here: bankunderground.co.uk/2025/05/29/c...
In our latest Bank Underground post, Simon Whitaker (BoE) examines the impact of the digitalisation of finance on international capital flows. 🔗 Read the post here: bankunderground.co.uk/2025/05/22/c...
May 22, 2025 at 1:35 PM
In our latest Bank Underground post, Simon Whitaker (BoE) examines the impact of the digitalisation of finance on international capital flows. 🔗 Read the post here: bankunderground.co.uk/2025/05/22/c...
In our latest Bank Underground post, Marcus Buckmann (BoE), Galina Potjagailo (BoE) and Philip Schnattinger (BoE) propose a new machine learning approach that disentangles non-linear demand and supply-like determinants of inflation. 🔗 Read the post here: bankunderground.co.uk/2025/05/15/b...
May 16, 2025 at 1:11 PM
In our latest Bank Underground post, Marcus Buckmann (BoE), Galina Potjagailo (BoE) and Philip Schnattinger (BoE) propose a new machine learning approach that disentangles non-linear demand and supply-like determinants of inflation. 🔗 Read the post here: bankunderground.co.uk/2025/05/15/b...
In today’s BU post, Tom Davies (BoE) investigates different approaches to forecasting CHAPS volumes. 🔗 Read the post here: bankunderground.co.uk/2025/04/24/b...
April 24, 2025 at 10:03 AM
In today’s BU post, Tom Davies (BoE) investigates different approaches to forecasting CHAPS volumes. 🔗 Read the post here: bankunderground.co.uk/2025/04/24/b...
In today’s BU post, Lily Smith (BoE) investigates what influences how young people make payments by drawing on a 2024 BoE survey with 3000 young people taken to understand young people’s payment behaviours & their attitudes towards cash. 🔗 Read the post here: bankunderground.co.uk/2025/04/10/p...
April 10, 2025 at 9:39 AM
In today’s BU post, Lily Smith (BoE) investigates what influences how young people make payments by drawing on a 2024 BoE survey with 3000 young people taken to understand young people’s payment behaviours & their attitudes towards cash. 🔗 Read the post here: bankunderground.co.uk/2025/04/10/p...
Congratulations to Neeltje van Horen (Senior Research Advisor, BoE & Professor of Fin Econ, U. Amsterdam) on the publication of her book Ignite! 🎉 Neeltje wrote this exciting new book in her own time in what started as a personal journey—providing tools to reduce stress and enhance productivity.
April 9, 2025 at 2:20 PM
Congratulations to Neeltje van Horen (Senior Research Advisor, BoE & Professor of Fin Econ, U. Amsterdam) on the publication of her book Ignite! 🎉 Neeltje wrote this exciting new book in her own time in what started as a personal journey—providing tools to reduce stress and enhance productivity.
In case you missed our Annual Bank of England Agenda for Research Conference on the theme of “The Future of the Central Bank Balance Sheet”, recordings from the conference are now available here: www.bankofengland.co.uk/events/2025/...
April 4, 2025 at 11:23 AM
In case you missed our Annual Bank of England Agenda for Research Conference on the theme of “The Future of the Central Bank Balance Sheet”, recordings from the conference are now available here: www.bankofengland.co.uk/events/2025/...
In today’s Bank Underground post, Isabelle Roland (BoE), Yukiko Saito (Waseda University) and Philip Schnattinger (BoE) provide new evidence on forbearance by quantifying the aggregate impact of Japan’s 2009 SME Financing Facilitation Act. 🔗 Read more here: bankunderground.co.uk/2025/04/03/f...
April 3, 2025 at 10:19 AM
In today’s Bank Underground post, Isabelle Roland (BoE), Yukiko Saito (Waseda University) and Philip Schnattinger (BoE) provide new evidence on forbearance by quantifying the aggregate impact of Japan’s 2009 SME Financing Facilitation Act. 🔗 Read more here: bankunderground.co.uk/2025/04/03/f...
In today’s Bank Underground post, Dooho Shin (BoE) and Rebecca Mari (BoE) explore the link between energy markets and carbon prices and discuss the channels underlying their relationship. 🔗 Read the post here: bankunderground.co.uk/2025/03/27/t...
March 28, 2025 at 11:59 AM
In today’s Bank Underground post, Dooho Shin (BoE) and Rebecca Mari (BoE) explore the link between energy markets and carbon prices and discuss the channels underlying their relationship. 🔗 Read the post here: bankunderground.co.uk/2025/03/27/t...