UID:
edocfu_9958110193802883
Format:
1 online resource (36 p.)
ISBN:
1-4552-3194-0
,
1-4527-6207-4
,
1-280-89588-8
,
9786613737199
,
1-4527-5085-8
Series Statement:
IMF Staff Country Reports
Content:
This Selected Issues paper analyzes the impact of globalization inflation and relative prices over the last decade in the United Kingdom. The IMF’s Global Economy Model is used to estimate the relative importance of the various factors argued to have influenced the evolution of inflation and relative prices over this period. The key result is the significantly different impact of the shock on relative prices in the United Kingdom compared with the United States and the Euro area. The paper also explores the likely evolution of the economy after a rise in immigration.
Note:
Description based upon print version of record.
,
Cover; Contents; I. U.K. Inflation and Relative Prices Over the Last Decade: How Important was Globalization?; A. Introduction; B. Direct Effect of Globalization; C. Including the Additional Factors; D. Conclusions; II. The Macroeconomic Effects of Immigration in the U.K.; A. Introduction; B. Description of the Model; C. Simulations; D. Conclusions; III. Flattening of the Phillips Curve: Implications for Monetary Policy; A. Introduction; B. Analytical Approach; C. Optimized Monetary Policy Response Rules; D. Conclusions; IV. The Golden Rule and the Economic Cycle; A. Introduction
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B. MethodologyC. Simulation Results; D. Concluding Remarks; V. Transmission of Shocks in the International Banking System and Implications for London as a Global Financial Center; A. Introduction; B. Method and Data; C. Results; D. Conclusion
,
English
Additional Edition:
ISBN 1-4518-1431-3
Language:
English
