United Kingdom: Selected Issues

International Monetary Fund

No 2006/087, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; GDP; consumer spending; price; credit derivative; energy price; U.K. population; U.K. economy; U.K. fiscal policy framework; health care; U.K. health system; consumption growth; Health care spending; Consumption; Inflation; Energy pricing; Energy prices; Global; Europe (search for similar items in EconPapers)
Pages: 138
Date: 2006-03-03
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Citations: View citations in EconPapers (2)

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