The new Bank of England quarterly model

The Bank issued an article entitled "The New Bank of England Quarterly Model" on 22 April, describing a new macroeconomic model used to help prepare the Monetary Policy Committee's Quarterly economic projections.

The new Bank of England quarterly model

The model was used to an increasing extent during the second half of 2003 and is now the main tool in the suite of models employed by the staff and the MPC in the construction of the projections contained in the quarterly Inflation Report.

The new

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