United States: Selected Issues

International Monetary Fund

No 1999/101, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on the United States analyzes the measures of potential output, natural rate of unemployment, and capacity utilization. Traditionally, measures of resource utilization have been used as indicators for the potential build-up of inflation pressures, and hence as guides for the formulation of macroeconomic policy. The paper highlights that the most commonly used indicators of resource utilization in the United States are the output gap, the employment gap, and capacity utilization in industry. The paper also analyzes the wage and price determination and productivity trends in the United States.

Keywords: ISCR; CR; U.S. official development assistance; Phillips curve; dollar; price; outlay; saving rate; DAC participant; current account deficit; OECD Development Assistance Committee; Private savings; Extra-budgetary funds; Stocks; Current account deficits; Dollarization; Western Hemisphere; Global (search for similar items in EconPapers)
Pages: 107
Date: 1999-09-15
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1999/101

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