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United Kingdom »

Source: United Kingdom : Selected Issues Paper

Volume/Issue: 2010/337

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2010

ISBN: 9781455208449

Keywords: output gap, tfp, capital stock, production function, growth accounting

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...

United Kingdom: Selected Issues

United Kingdom: Selected Issues »

Source: United Kingdom : Selected Issues Paper

Volume/Issue: 2010/337

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2010

ISBN: 9781455208449

Keywords: output gap, tfp, capital stock, production function, growth accounting

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...

United Kingdom: Selected Issues

United Kingdom: Selected Issues »

Source: United Kingdom : Selected Issues Paper

Volume/Issue: 2010/337

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2010

ISBN: 9781455208449

Keywords: output gap, tfp, capital stock, production function, growth accounting

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...

United Kingdom: Selected Issues

United Kingdom: Selected Issues »

Source: United Kingdom : Selected Issues Paper

Volume/Issue: 2010/337

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2010

ISBN: 9781455208449

Keywords: output gap, tfp, capital stock, production function, growth accounting

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...

United Kingdom: Selected Issues

United Kingdom: Selected Issues »

Source: United Kingdom : Selected Issues Paper

Volume/Issue: 2010/337

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2010

ISBN: 9781455208449

Keywords: output gap, tfp, capital stock, production function, growth accounting

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...

United Kingdom: Selected Issues

United Kingdom: Selected Issues »

Source: United Kingdom : Selected Issues Paper

Volume/Issue: 2010/337

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2010

ISBN: 9781455208449

Keywords: output gap, tfp, capital stock, production function, growth accounting

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...

Have North-South Growth Linkages Changed?

Have North-South Growth Linkages Changed? »

Source: Have North-South Growth Linkages Changed?

Volume/Issue: 1996/54

Series: IMF Working Papers

Author(s): Alexander Hoffmaister , Mahmood Pradhan , and Hossein Samiei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1996

ISBN: 9781451969627

Keywords: export markets, capital flows, output growth, developing country exports

This paper provides preliminary econometric evidence suggesting that the traditional trade-based business cycle linkages between the North and the South have changed. Many countries in the South, in particular in A...

Inflation Targeting and Output Stability

Inflation Targeting and Output Stability »

Source: Inflation Targeting and Output Stability

Volume/Issue: 1999/61

Series: IMF Working Papers

Author(s): Esteban Jadresic

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1999

ISBN: 9781451848151

Keywords: Inflation targeting, output stability, staggered price setting, inflation, aggregate demand, monetary base

This paper reexamines the effects of inflation targeting on output stability. It considers an economy with staggered price setting that is exposed to price shocks and where the policymaker cannot observe the curren...

Still Minding the Gap-Inflation Dynamics during Episodes of Persistent Large Output Gaps

Still Minding the Gap-Inflation Dynamics during Episodes of Persistent Large Output Gaps »

Source: Still Minding the Gap-Inflation Dynamics during Episodes of Persistent Large Output Gaps

Volume/Issue: 2010/189

Series: IMF Working Papers

Author(s): Andre Meier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

ISBN: 9781455202232

Keywords: Output gap, Phillips curve, Recession, inflation rates, inflation dynamics, low inflation, General Outlook and Conditions,

This paper studies inflation dynamics during 25 historical episodes in advanced economies where output remained well below potential for an extended period. We find that such episodes generally brought about signif...

Assessing the Assessment

Assessing the Assessment »

Source: Assessing the Assessment : A Critical Look At the June 2003 Assessment of the United Kingdom'S Five Tests for Euro Entry

Volume/Issue: 2004/116

Series: IMF Working Papers

Author(s): Carlo Cottarelli , and Julio Escolano

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2004

ISBN: 9781451853964

Keywords: Assessing the Assessment, Five Tests, Euro Entry, output volatility, monetary union, inflation, idiosyncratic shocks, Macroeconomics and Monetary Economics: General,

This paper provides a framework for evaluating the decision to enter a currency area, including the best timing for entry, and uses it to evaluate the assessment of the five tests for euro entry published by the U....