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Uruguay: 2011 Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 376
Language:
English
Publication Date:
29 Dec 2011
DOI:
https://doi.org/10.5089/9781463926601.002
ISBN:
9781463926601
ISSN:
1934-7685
Pages:
86
Keywords:
ISCR; CR; Uruguay; dollarization level; pension system; debt dollarization; employment flexibility; Philips curve; wage indexation; Potential output; Output gap; Wages; Dollarization; Real wages; Global; Australia and New Zealand
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This 2011 Article IV Consultation—Selected Issues paper focuses on estimating potential output and the output gap and spillovers from agriculture in the case of Uruguay. It introduces additional economic information and theory to estimate potential output, shedding some light on the discussion of current monetary and fiscal policies. The objective is to take advantage of economic data to disentangle the most recent economic performance by introducing multivariate techniques. The paper also presents an overview of the labor market and pension system of Uruguay.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund