United Kingdom : Selected Issues Paper

Author/Editor:

International Monetary Fund

Publication Date:

November 9, 2010

Electronic Access:

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Summary:

This paper estimates the extent of spare capacity in the U.K. economy using a range of methodologies pointing to an output gap and the behavior of inflation during large output gaps. The usefulness of fiscal rules in supporting fiscal consolidation is generally positive, and a more permanent rules-based fiscal framework is required. The banking system has recovered fast; however, the sustainability of the sector’s recovery is still uncertain, and risks remain. An update on reforms to the financial sector’s regulatory and supervisory framework is also provided.

Series:

Country Report No. 10/337

Subject:

Frequency:

Biannually

English

Publication Date:

November 9, 2010

ISBN/ISSN:

9781455208449/1934-7685

Stock No:

1GBREA2010001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

88

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