United Kingdom: Selected Issues

International Monetary Fund

No 2000/106, IMF Staff Country Reports from International Monetary Fund

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.

Keywords: ISCR; CR; pay; exchange rate; wage flexibility; real wage (search for similar items in EconPapers)
Pages: 121
Date: 2000-08-28
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