Wednesday 13 July 2011

Bank of England Quarterly Bulletin Q2 June 2011

The Bank’s summary is rather long for a blog post so I’ve cut some of the article summaries.
Each article is available as a separate PDF file (click on title). Alternatively you may download the complete issue (178pp).

Recent economic and financial developments
    Markets and operations (281k) This article reviews developments in sterling financial markets, including the Bank’s official operations, between the 2011 Q1 Quarterly Bulletin and 20 May 2011. The article also summarises market intelligence on selected topical issues relating to market functioning.
Research and analysis
Research work published by the Bank is intended to contribute to debate, and does not necessarily reflect the views of the Bank or of MPC members.
    Using internet search data as economic indicators (72k)
    By Nick McLaren of the Bank’s Conjunctural Assessment and Projections Division and Rachana Shanbhogue of the Bank’s Structural Economic Analysis Division.
    Data on the volume of online searches can be used as indicators of economic activity. This article examines the use of these data for labour and housing markets in the United Kingdom. These data provide some additional information relative to existing surveys. And with further development, internet search data could become an important tool for economic analysis. This article is sufficiently interesting to warrant a post in its own right – and this is what I’ll do with it!
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Hazel’s comment:
Compared with the post I’ve just written about the repayment of student loans using information from a BIS press release this was a doddle. All links worked first time and went to the right place etc etc. Although getting the HTML correct for the formatting of the individual entries was a bit fiddly.

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