December 20, 2019

Staff Working Papers

Staff Working Papers

20 December 2019
Staff working papers describe research in progress by Bank staff and are published to elicit comments and to further debate.

The following Bank of England staff working papers have been published today:

Monetary policy and birth rates: the effect of mortgage rate pass-through on fertility
By Fergus Cumming and Lisa Dettling

The role of households’ borrowing constraints in the transmission of monetary policy
By Fergus Cumming and Paul Hubert

UK house prices and three decades of decline in the risk‑free real interest rate
By David Miles and Victoria Monro

Simulating liquidity stress in the derivatives market
By Marco Bardoscia, Gerardo Ferrara, Nicholas Vause and Michael Yoganayagam

Platform competition and incumbency advantage under heterogeneous switching cost — exploring the impact of data portability
By Paolo Siciliani and Emanuele Giovannetti

Capital and liquidity interaction in banking
By Jonathan Acosta-Smith, Guillaume Arnould, Kristoffer Milonas and Quynh-Anh Vo

Macroeconomic effects of political risk shocks
By Sinem Hacioglu Hoke

The empirics of granular origins: some challenges and solutions with an application to the UK
By Nikola Dacic and Marko Melolinna

All you need is cash: corporate cash holdings and investment after the financial crisis
By Andreas Joseph, Christiane Kneer, Neeltje van Horen and Jumana Saleheen