Hie Joo Ahn, Shihan Xie, and Choongryul YangWe study the role of homeownership in the effectiveness of monetary policy on households' expectations. Empirically, we find that homeowners revise down their near-term inflation expectations and their optimism about future labor market conditions in response to a rise in mortgage rates, while renters are less likely to do so.
This Market Notice supplements the Bank’s Market Notice and Press Release of 28 September setting out the details of its temporary purchases of long-dated UK government bonds.
Sangmin S. Oh, Ishita Sen, and Ana-Maria TenekedjievaHomeowners’ insurance, a $15 trillion market by coverage, provides households financial protection from climate losses. Insurance premiums (rates) are subject to significant regulations at a state level in the United States. Using novel data on filings made by insurers to regulators, we propose a metric to quantify the extent of regulation in individual states.
Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder
The latest meeting of the Standards Advisory Panel (SAP)
Nicholas Burk and David H. SmallOn October 6, 1979, Chairman Volcker announced that the Federal Reserve was embarking on a new, forceful, and ultimately successful campaign to lower the rampant inflation of that time. At the center of this campaign were new operating procedures for conducting monetary policy—procedures that focused daily open market operations on controlling the quantity of monetary reserves and on the quantity of nonborrowed reserves in particular.
Thomas A. Durkin, Gregory Elliehausen, and Thomas A. Miller, Jr.Guaranteed Asset Protection (GAP) shields purchasers from financial risks of losses exceeding insured collateral values if vehicles become total losses. Yet surprisingly little is known about the sales of this product or consumers’ attitudes toward it. In this study, we report the results of a representative national survey conducted by the Survey Research Center (SRC) of the University of Michigan.
The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.
As announced yesterday, the Bank of England will carry out temporary purchases of long-dated UK government bonds, which began on 28 September. In light of current market conditions, the Bank’s Executive also postponed the beginning of APF gilt sale operations until 31 October 2022. This market notice simply formalises that announcement.
This Market Notice sets out details of the Bank’s temporary purchases of long-dated UK government bonds from 28 September 2022.