In recent years, there has been increasing interest in forecasting methods that utilise large data sets, driven partly by the recognition that policymaking institutions need to process large quantities of information. Factor analysis is a popular way of doing this. Forecast combination is...

The paper assesses the potential for systematic discrepancies between the measured RPI and an "ideal" cost-of-living which, the paper argues, should be the target variable for monetary policy (note that the RPI does not claim to be a cost-of-living measure and so this discrepancy does not imply...

Digitalisation can be described as a sequence of technology and supply shocks which affect the economy through employment and labour markets, productivity and output, and competition and market structure. This paper focuses on how digitalisation - the process of diffusion of digital technologies...