Paul Mizen

Jan 10, 2025 | bankofengland.co.uk | Philip Bunn |Lena Anayi |Nicholas Bloom |Paul Mizen

Staff Working Paper No. 1,107By Philip Bunn, Lena Anayi, Nicholas Bloom, Paul Mizen, Gregory Thwaites and Ivan YotzovMacro data suggest a convex relationship between inflation and economic slack, but identifying causality in this setting is challenging. Using data from large panel surveys of UK and US firms we show that the response of prices to demand shocks is also convex at the firm level.

Dec 6, 2024 | nber.org | Philip Bunn |Lena Anayi |Nicholas Bloom |Paul Mizen

The authors would like to thank Jose Barrero, Steve Davis, Kevin Foster, Brent Meyer, and Emil Mihaylov for the US data, and the Economic and Social Research Council for funding under grant ES/X013707/1. The authors also benefitted from comments by seminar participants in Princeton, Chicago Fed, Boston College, Bristol, LSE, UCL, Warwick, Nottingham, Sciences Po, Banca d’Italia, the IMF as well as at the BCEA, ICEA, ECB, ASSA, SITE, CBBS, MMF, RES, and SUERF conferences.

Oct 29, 2024 | kcl.ac.uk | Paul Mizen

New research finds that the now widespread availability of remote work since the pandemic has been offset by larger pay increases for those who are unable to work remotely. A team from King’s Business School, the Universities of Birmingham, Kent, Nottingham and Sheffield have studied the effect that the availability of remote work has had on the pay of UK workers since 2019.

Oct 25, 2024 | nber.org | Prachi Srivastava |Nicholas Bloom |Philip Bunn |Paul Mizen

Skip to main content The authors would like to thank the Economic and Social Research Council for funding under grant ES/X013707/1. Any views expressed are solely those of the authors and so cannot be taken to represent those of the Bank of England or to state Bank of England policy. This paper should therefore not be reported as representing the views of the Bank of England or members of the Monetary Policy Committee, Financial Policy Committee, or Prudential Regulation Committee.

Jul 19, 2024 | bankofengland.co.uk | Ivan Yotzov |Nicholas Bloom |Philip Bunn |Paul Mizen

Staff Working Paper No. 1,085By Ivan Yotzov, Nicholas Bloom, Philip Bunn, Paul Mizen and Gregory ThwaitesThis paper analyses the response of firms to monthly CPI inflation releases using high-frequency data from a large economy-wide business survey. CPI inflation perceptions respond very quickly, in a matter of hours after the release. We also find that firms’ expected own-price growth has a strong positive correlation with changes in CPI inflation, particularly for increases in inflation.