« Home

Home » Business & Economics » Economics » Gillespie: Foundations of Economics » Student resources » Unit support » Unit 23

Gillespie: Foundations of Economics

Unit 23

Capacity
To read an article estimating the degree of spare capacity in the economy (in this case in 2005) visit
www.nuffield.ox.ac.uk/users/nickell/papers/HowmuchSpareCapacityisthereintheUKEconomy.pdf

Inflation report
The Bank of England's quarterly Inflation Report was first published in 1993. The Report sets out the detailed economic analysis and inflation projections on which the Bank's Monetary Policy Committee bases its interest rate decisions, and presents an assessment of the prospects for UK inflation over the following two years.
The Report starts with an overview of economic developments; this is followed by five sections:
• analysis of money and asset prices
• analysis of demand
• analysis of output and supply
• analysis of costs and prices
• assessment of the medium-term inflation prospects and risks
www.bankofengland.co.uk/publications/inflationreport/index.htm