The Bank of England Quarterly Model

The Bank of England published a book on Monday 31 January - The Bank of England Quarterly Model - which contains details of the new macroeconomic model developed for use in preparing the Monetary Policy Committee's (MPC) quarterly economic projections.

The book also contains a commentary on the motivation for developing the new model and the economic and modelling approaches underlying it. An overview of the new model was initially published in April 2004 (reprinted in the Summer 2004 Quarterly

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