United Kingdom Selected Issues

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 10.39 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: 1451880383
Size: 52.99 MB
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United Kingdom from the Author: International Monetary Fund. This Selected Issues paper on the United Kingdom reviews the IMF's Global Economy Model, which incorporates energy to examine the impact of rising energy prices on the United Kingdom. The model incorporates energy as a final consumption good as well as a primary input in the production process. With energy entering the production process, increases in energy costs affect overall aggregate supply capacity as firms reduce output and factor-utilization rates given the real increase in their cost structures.

United Kingdom Selected Issues

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 68.19 MB
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United Kingdom Selected Issues from the Author: International Monetary Fund. This Selected Issues paper examines the operational independence and the conduct of monetary policy in the United Kingdom. The paper describes the inflation targeting framework and the analytics of the decision-making process. It suggests that inflation targeting, although not entirely new in terms of the basic idea, is a rather significant step toward establishing a workable and well-defined framework for monetary policy. The paper also describes structure, mandate, and policy issues associated with the financial services authority.

United Kingdom

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1463946732
Size: 16.56 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. European Department
Publisher:
ISBN: 9781484395370
Size: 32.77 MB
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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 Selected Issues

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 15.75 MB
Format: PDF, ePub
View: 7514
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United Kingdom Selected Issues from the Author: International Monetary Fund. This Selected Issues paper examines the operational independence and the conduct of monetary policy in the United Kingdom. The paper describes the inflation targeting framework and the analytics of the decision-making process. It suggests that inflation targeting, although not entirely new in terms of the basic idea, is a rather significant step toward establishing a workable and well-defined framework for monetary policy. The paper also describes structure, mandate, and policy issues associated with the financial services authority.

United Kingdom Selected Issues

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452720738
Size: 27.23 MB
Format: PDF, Mobi
View: 7561
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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
Publisher: International Monetary Fund
ISBN: 1455263796
Size: 78.24 MB
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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

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452762074
Size: 51.61 MB
Format: PDF, ePub
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United Kingdom from the Author: International Monetary Fund. This Selected Issues paper analyzes the impact of globalization inflation and relative prices over the last decade in the United Kingdom. The IMF’s Global Economy Model is used to estimate the relative importance of the various factors argued to have influenced the evolution of inflation and relative prices over this period. The key result is the significantly different impact of the shock on relative prices in the United Kingdom compared with the United States and the Euro area. The paper also explores the likely evolution of the economy after a rise in immigration.

United Kingdom

Author:
Publisher: International Monetary Fund
ISBN: 1475575181
Size: 48.50 MB
Format: PDF, Docs
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United Kingdom from the Author: . United Kingdom: Selected Issues