Macroeconomics

Bitesize: UK real interest rates over the past three centuries

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John Lewis

How low are UK real interest rates by historical standards? Using the Bank’s Millennium of Macroeconomic Data, I compute real bank rate, mortgage rates, and 10-year government bond yields over time.

The lines show the five year moving averages of the ex post real interest rate. The dots show the values over the years 2012 to 2016.

Figure 1: Real rates over time

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The UK’s productivity puzzle is in the top tail of the distribution

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Patrick Schneider

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How does monetary policy affect the distribution of income and wealth?

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Philip Bunn, Alice Pugh and Chris Yeates

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Can central bankers become Superforecasters?

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Aakash Mankodi and Tim Pike

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Population ageing and the macroeconomy

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Noëmie Lisack, Rana Sajedi and Gregory Thwaites

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Stirred, not shaken: how market interest rates have been reacting to economic data surprises

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Jeremy Franklin, Scott Woldum, Oliver Wood and Alex Parsons

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Voting with their wallets? Consumer expectations after the EU referendum

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Tamara Li, Nicola Shadbolt, Thomas Stratton and Gregory Thwaites

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Who’s driving consumer credit growth?

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Ben Guttman-Kenney, Liam Kirwin, Sagar Shah

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How does uncertainty affect how UK firms invest?

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Marko Melolinna and Srdan Tatomir

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Sterling weakness: FX mismatch risks in the UK corporate sector

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Rajveer Berar

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