United Kingdom [electronic resource] : Selected Issues.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 01/106Publication details: Washington, D.C. : International Monetary Fund, 2000Description: 1 online resource (121 p.)ISBN: 1451814151 :ISSN: 1934-7685Subject(s): Aggregate Demand | Inflation | Monetary Authority | Monetary Policy Rules | Monetary Policy | United KingdomAdditional physical formats: Print Version:: United Kingdom : Selected IssuesOnline resources: IMF e-Library | IMF Book Store Abstract: This Selected Issues paper on the United Kingdom describes the issues related to the choice between different types of inflation targeting frameworks and the features of the Bank of England's framework. The paper focuses the trade-off between program costs, efficiency, and concerns about equity such as reduced poverty and improved income distribution. The study analyzes the main analytical framework to assess the gains and losses associated with joining the European Economic and Monetary Union, and also surveys a range of indicators of wage flexibility.
This Selected Issues paper on the United Kingdom describes the issues related to the choice between different types of inflation targeting frameworks and the features of the Bank of England's framework. The paper focuses the trade-off between program costs, efficiency, and concerns about equity such as reduced poverty and improved income distribution. The study analyzes the main analytical framework to assess the gains and losses associated with joining the European Economic and Monetary Union, and also surveys a range of indicators of wage flexibility.
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