Martin Weale
BoE research finds support for Phillips curve in micro data
Use of new instruments helps establish empirical support, authors say
Regulation affects pass-through to current account, BoE paper finds
Discussion paper sets out theoretical and empirical backing for idea that low rates can cause a current account deficit to grow, in the presence of liberalised financial markets
BoE officials grilled on weakening sterling
Members of the MPC ask whether the depreciation of the currency will cause the Bank of England to hike; Treasury Committee raises questions over EU referendum
BoE’s Weale sees shorter working week adding to inflation
Various measures suggest UK workers will gradually cut back on the number of hours they work over the next few years, adding to unit labour costs, external MPC member says
BoE’s Weale outlines idea of one man, one hundred votes
Giving each MPC member 100 votes to cast would allow them to indicate much more nuanced positions and could make for better policy, Martin Weale says
BoE’s Weale warns MPC may have underestimated oil price impact
A failure to grasp the full importance of ‘tail events’ may have caused the monetary policy committee to underestimate the strength and duration of the oil shock’s impact on inflation, Weale says
Bank of England MPC still split 7-2 on rates
Minutes from the December meeting show Ian McCafferty and Martin Weale voted for a 25bp hike for the fifth consecutive month; they argue wage growth could ‘pick up sharply’
BoE minutes hint at dovish shift
Committee still split 7-2 in favour of holding rates, but language takes a more dovish tone with housing market and external environment providing cause for concern
BoE’s Weale posits method of overcoming uncertainty
MPC member says studying rates of change can help overcome uncertainty about spare capacity and the natural rate of interest when setting policy
Bank of England MPC sees first dissent since 2011
McCafferty and Weale vote to raise interest rates, minutes show, as conflicting labour market developments split committee's view on UK spare capacity
Underemployment's impact on spare capacity smaller than thought, says Weale
Bank of England's Martin Weale says impact of underemployment on UK spare capacity is 'smaller than might appear at first sight'; productivity of extra 1% employment likely lower than average
BoE's Martin Weale still unsure over Carney's forward guidance by consensus
Bank of England's forward guidance dissenter explains ongoing qualms over how forward guidance works at the BoE, as he is re-appointed to a second term
BoE’s Weale wary of further easing damaging inflation expectations
Martin Weale says recent MPC remit change allows committee more freedom to deviate from inflation target, but reiterates need for the Bank of England to retain credibility on inflation
BoE’s Weale warns of burgeoning inflation risk due to weak pound
Monetary Policy Committee member says further depreciation of the pound could push inflation further from its target, but the Bank of England might just have to weather the storm
BoE paper tackles issue of cross-dependence in panel data models
Research published by the Bank of England uses a Bayesian approach to short dynamic panel data estimation; attempts to capture ‘cross-sectional dependence’
BoE’s Weale urges use of more nuanced economic models
Basing models on a single representative agent risks obscuring important results, says Bank of England’s Martin Weale; alternative is greater emphasis on behavioural economics
King grilled over £37bn grabbed by UK Treasury
Treasury Committee takes Mervyn King to task over 'profits' from quantitative easing claimed by UK Treasury; BoE officials insist bank’s independence is not under threat
BoE holds fire on rates and quantitative easing
Benchmark rate and asset purchase programme unchanged; market looks to inflation figures next week for hints on MPC thought pattern
Ex-MPC member says BoE wrong to delay on QE
Former Bank of England external member Sushil Wadhwani disagrees with current rate-setter Martin Weale over when to provide additional stimulus to UK economy
Recessions and banking crises are strongly interdependent: BoE paper
Bank of England study co-authored by Martin Weale identifies useful indicators that can help predict banking crises
Bank votes unanimously to hold rates
Bank of England minutes show Monetary Policy Committee members Martin Weale and Spencer Dale drop vote to raise rates due to downside risk from euro area