Bank of England Research

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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

📢 #CallForPapers Bank of England conference on financing growth: Long-term capital and high-growth firms 📅 30 October 2026📍Bank of England, London 📆 Submission deadline: 22 August 2026 👉 Submit to: growthconference2026@bankofengland.co.uk 🌐 More details: www.bankofengland.co.uk/events/2026/...

Call for papers – Bank of England conference on financing growth: Long-term capital and high-growth firms

Call for papers

bankofengland.co.uk

📢 Application deadline 3 March 2026: BoE Payments Academic Advisory Group 📢 Bringing together academics and researchers from divers disciplines to help deepen understanding of the frontier opportunities and risks shaping the future of payments. 👉 Apply here: www.bankofengland.co.uk/payment-and-...

The Bank’s engagement on retail payments

Our retail payments engagement forums are vital to inform our work on a next generation payments ecosystem.

bankofengland.co.uk

In a recent Bank Underground post, Marco Garofalo (BoE) and Thomas Prayer (CEP/LSE) build a novel timely indicator to consistently monitor trade prices across countries.🔗https://i0.wp.com/bankunderground.co.uk/wp-content/uploads/2026/01/Money-trade-places-WordPress-910px-x-600px.png?ssl=1

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In today’s Bank Underground post, Edward Egan (BoE) shows that new AI -- including in the UK and the US -- has had little effect on overall labour market dynamics. 🔗https://bankunderground.co.uk/2026/01/22/generative-ai-degenerative-for-jobs/

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Staff Working Paper 1167 by Mahmoud Fatouh (BoE), Benjamin Guin (BoE) & Haluk Unal (University of Maryland) examines how green attributes become pricing relevant and how such innovations propagate through the financial system. 🔗 www.bankofengland.co.uk/working-pape...

Product innovation in the UK mortgage market: the case of green mortgages

Staff working papers set out research in progress by our staff, with the aim of encouraging comments and debate.

bankofengland.co.uk

Bank Underground: Sarah Munson (BoE) & Callum Ashworth (BoE) explore how UK-based retail participants’ presence in gilt markets is changing & what that might signal for monetary policy & financial stability. 🔗https://bankunderground.co.uk/2026/01/15/retail-investors-participation-in-the-gilt-market/

SWP 1166 by Philip Bunn (BoE), Nicholas Bloom (Stanford), Craig Menzies (BoE), Paul Mizen (King’s College), Gregory Thwaites (U. of Nottingham) & Ivan Yotzov (BoE) analyses trends in firm price setting behaviour &how it matters for pass-through of cost shocks. www.bankofengland.co.uk/working-pape...

State- and time-dependent pricing

Staff working papers set out research in progress by our staff, with the aim of encouraging comments and debate.

bankofengland.co.uk

Staff Working Paper 1162 by Krishan Shah (BoE), Philip Bunn (BoE) and Marko Melolinna (FCA) explores how firms adjust their required rates of return on investment–known as “hurdle rates”– when monetary policy tightens. www.bankofengland.co.uk/working-pape...

Sticky hurdles: the dynamics of firm hurdle rates in a tightening cycle

Staff working papers set out research in progress by our staff, with the aim of encouraging comments and debate.

bankofengland.co.uk

Staff Working Paper 1157 by Eduardo Maqui (BoE), Márcia Silva-Pereira (Bank of Portugal/Nova SBE) and Nicholas Vause (BoE) explores how bond financing conditions affect economic activity in the UK. www.bankofengland.co.uk/working-pape...

Bond financing conditions, economic activity and the financial accelerator

Staff working papers set out research in progress by our staff, with the aim of encouraging comments and debate.

bankofengland.co.uk

The recent inflationary episode was shaped unexpected demand surges and supply constraints. Staff Working Paper 1155 by J Chan (BoE), S Diz (CB Paraguay) & D Kanngiesser explores the effect of these dynamics by adding realistic frictions into an NK model. 🔗 www.bankofengland.co.uk/working-pape...

Sticky production and monetary policy

Staff working papers set out research in progress by our staff, with the aim of encouraging comments and debate.

bankofengland.co.uk

Staff Working Paper 1153 by DRodrigues (UQAM) & T Willems (BoE) outline a cost-of-carry channel of monetary policy transmission, where higher policy rates raise the opportunity cost of holding inventories, incentivizing firms to reduce stockpiles. 🔗 www.bankofengland.co.uk/working-pape...

Inventories matter for the transmission of monetary policy: uncovering the cost-of-carry channel

Staff working papers set out research in progress by our staff, with the aim of encouraging comments and debate.

bankofengland.co.uk

Staff Working Paper 1152 by Jenny Chan (BoE), Sebastian Ellingsen (Bristol), and Helen Simpson (Bristol) provides a synthesis of recent contributions that examine trends in regional income gaps and why these persist today. 🔗 www.bankofengland.co.uk/working-pape...

Spatial inequality, regional growth, and economic geography

Staff working papers set out research in progress by our staff, with the aim of encouraging comments and debate.

bankofengland.co.uk

🧵 How do global supply chains shape our economy? Rebecca Freeman (BoE) shared insights on this topic at the OECD event “Launch of the new vintage of OECD’s Inter‑Country Input‑Output (ICIO) tables and Trade in Value Added (TiVA) database | Measuring the Global Economy”. (1/3)