This article examines recent developments in household balance sheets using disaggregated data from an annual survey carried out by NMG Consulting on behalf of the Bank. The survey indicates that household debt levels remain well above historical averages, but are little changed since last year....

This article reviews the main influences on broad money growth since the onset of the global crisis, focusing on the impact of the Monetary Policy Committee’s asset purchase programme (QE). The underlying weakness in money growth is likely to have reflected a combination of reduced nominal...

Data in the social, behavioural and health sciences frequently come from observational studies instead of controlled experiments. In addition to random errors, observational data typically contain additional sources of uncertainty such as missing values, unmeasured confounders and selection...

Home to over 735,000 people, the Kingdom of Bhutan has achieved rapid economic growth and poverty reduction, despite the constraints of being a small, landlocked, and mountainous country. Its neighbors, China to the north and India to the south, are in contrast the two most populous countries in...