Uruguay: 2011 Selected Issues

International Monetary Fund

No 2011/376, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

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 (search for similar items in EconPapers)
Pages: 86
Date: 2011-12-29
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Citations: View citations in EconPapers (5)

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