The Stock Market, Capacity Uncertainties and the Outlook for UK Inflation

10 Pages Posted: 27 Apr 2005

See all articles by Sushil Wadhwani

Sushil Wadhwani

Bank of England - Monetary Policy Committee

Abstract

In this speech, Sushil B. Wadhwani argues that expectations of earnings growth and stock market performance are still high, which implies that a further downward valuation adjustment may be necessary over the medium term. He also discusses some of the recent difficulties associated with assessing supply capacity, and argues that the tendency for prices to come in lower than the Bank's model appears to imply that there might be less inflationary pressure than has been assumed.

Suggested Citation

Wadhwani, Sushil, The Stock Market, Capacity Uncertainties and the Outlook for UK Inflation. Bank of England Quarterly Bulletin, Spring 2002. Available at SSRN: https://ssrn.com/abstract=708171

Sushil Wadhwani (Contact Author)

Bank of England - Monetary Policy Committee ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom
+44 20 7601 3235 (Phone)

Register to save articles to
your library

Register

Paper statistics

Downloads
53
Abstract Views
629
rank
373,603
PlumX Metrics