United Kingdom

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452793239
Size: 20.84 MB
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United Kingdom from the Author: International Monetary Fund. This Selected Issues paper of the United Kingdom analyzes the official projections of public pension spending and risks, as well as the strategy to increase private pension provision. It provides a comparison of stylized facts regarding business cycle developments in the three economies, and an analysis of how these cyclical differences reflect the way monetary policy changes impact the three economies. It analyzes the policy on Economic and Monetary Union membership; and also the interest rate changes in the United Kingdom and the United States compared with that in the euro area.

United Kingdom Selected Issues

Author:
Publisher: International Monetary Fund
ISBN: 1498369502
Size: 32.88 MB
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United Kingdom Selected Issues from the Author: . United Kingdom: Selected Issues

United Kingdom Selected Issues

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 41.92 MB
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United Kingdom Selected Issues from the Author: International Monetary Fund. The Selected Issues paper examines the dynamics of the inflation process in the United Kingdom, particularly the influence of external shocks. The paper provides a brief summary of existing empirical work. It presents the expectations-augmented Phillips curve model used in the analysis. The basic conclusion is that low inflation in recent years can be explained reasonably well by a combination of increased competitive pressures. The paper also presents some estimates of the degree of possible overvaluation in housing prices and outlines the links between housing prices and the macroeconomy.

United Kingdom

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1463946732
Size: 15.26 MB
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United Kingdom from the Author: International Monetary Fund. This Selected Issues paper examines national accounts revisions and the economic cycle for the United Kingdom. The paper concludes that upward revisions to GDP data are positively correlated with economic activity, in particular, with growth in its domestic component. The paper suggests that although revisions may have become smaller in recent years, the procyclical bias in the data revision has not been eliminated. The regression model employed also suggests that GDP growth in 1996—currently estimated at 2.4 percent—could be as much as a 0.6 percentage point higher than that estimate.

United Kingdom

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455221414
Size: 58.47 MB
Format: PDF, ePub
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United Kingdom from the Author: International Monetary Fund. This paper estimates the extent of spare capacity in the U.K. economy using a range of methodologies pointing to an output gap and the behavior of inflation during large output gaps. The usefulness of fiscal rules in supporting fiscal consolidation is generally positive, and a more permanent rules-based fiscal framework is required. The banking system has recovered fast; however, the sustainability of the sector’s recovery is still uncertain, and risks remain. An update on reforms to the financial sector’s regulatory and supervisory framework is also provided.

United Kingdom Selected Issues

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452720738
Size: 43.52 MB
Format: PDF
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United Kingdom Selected Issues from the Author: International Monetary Fund. This Selected Issues paper analyzes the specialty about the cyclical expansion in the United Kingdom. The paper reviews the labor market data, wage inequality, and implications for inequality. The study examines the contributions of information and communications technologies investment to output and labor productivity growth in the United Kingdom. The paper provides a qualitative assessment of the impact of the appreciation of sterling on U.K. foreign trade, and its effects on competitiveness, and the sectoral composition of production.

United Kingdom

Author: International Monetary Fund. European Department
Publisher:
ISBN: 9781484395370
Size: 38.71 MB
Format: PDF
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United Kingdom from the Author: International Monetary Fund. European Department. This paper aims to provide European Union (EU), while recognizing that the choice of whether to remain in the EU is for U.K. voters to make and that their decisions will reflect both economic and noneconomic factors. The question of EU membership is both a political and an economic issue, and the referendum has sparked a wide-ranging debate on the United Kingdom's role in the EU. Given the range of plausible alternative arrangements with the EU, the number of channels by which countries could be affected and the range of possible effects on the United Kingdom and other economies are broad.

United Kingdom

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452717567
Size: 23.42 MB
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United Kingdom from the Author: International Monetary Fund. This Selected Issues paper examines the factors determining housing prices in the United Kingdom. Based on econometric evidence, the paper assesses whether recent housing price increases can be explained by fundamentals or whether they represent a temporary overshooting of housing prices, characteristic of a bubble. The paper estimates a simple error-correction model that describes the dynamics of real housing prices since the 1970s. Estimation results suggest that earnings and interest rates are the key determinants of housing prices, and that changes in real housing prices exhibit a large degree of persistence.

United Kingdom

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455263796
Size: 68.81 MB
Format: PDF, ePub, Docs
View: 6119
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United Kingdom from the Author: International Monetary Fund. This paper estimates the extent of spare capacity in the U.K. economy using a range of methodologies pointing to an output gap and the behavior of inflation during large output gaps. The usefulness of fiscal rules in supporting fiscal consolidation is generally positive, and a more permanent rules-based fiscal framework is required. The banking system has recovered fast; however, the sustainability of the sector’s recovery is still uncertain, and risks remain. An update on reforms to the financial sector’s regulatory and supervisory framework is also provided.