United Kingdom: Selected Issues

March 5, 2004

Summary

This Selected Issues paper of the United Kingdom analyzes the official projections of public pension spending and risks, as well as the strategy to increase private pension provision. It provides a comparison of stylized facts regarding business cycle developments in the three economies, and an analysis of how these cyclical differences reflect the way monetary policy changes impact the three economies. It analyzes the policy on Economic and Monetary Union membership; and also the interest rate changes in the United Kingdom and the United States compared with that in the euro area.

Subject: Aging, Consumption, Expenditure, Housing prices, Labor, National accounts, Pension spending, Pensions, Population and demographics, Prices

Keywords: Aging, background study, Consumption, CR, euro, euro area, GDP, Global, Housing prices, income, interest rate, interest rate sensitivity, ISCR, pension, Pension spending, Pensions, U.K. pension system, UK cycle, UK decision, UK economy, UK transmission mechanism

Pages:
82
Volume:
2004
DOI:
https://doi.org/10.5089/9781451814132.002
Issue:
055
Series:
Country Report No. 2004/055
Stock No:
1GBREA0012004
ISBN:
9781451814132
ISSN:
1934-7685

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