REPORT - The Bank of England has released its Quarterly Bulletin for Summer 2002. It includes articles on why spending on durable goods needs to be analysed differently from that on other types of goods, providing possible explanations for its recent unusual strength, and another by Mervyn King examining the apparent contradiction that the acceptance of the idea that inflation is a monetary phenomenon has been accompanied by the lack of reference to money in the conduct of monetary policy.

Summa