IMF Staff Country Reports

United Kingdom: Selected Issues

January 26, 1998

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United Kingdom: Selected Issues, (USA: International Monetary Fund, 1998) accessed December 6, 2024

Summary

This Selected Issues paper examines national accounts revisions and the economic cycle for the United Kingdom. The paper concludes that upward revisions to GDP data are positively correlated with economic activity, in particular, with growth in its domestic component. The paper suggests that although revisions may have become smaller in recent years, the procyclical bias in the data revision has not been eliminated. The regression model employed also suggests that GDP growth in 1996—currently estimated at 2.4 percent—could be as much as a 0.6 percentage point higher than that estimate.

Subject: Employment, Inflation, Inflation targeting, Labor, Labor markets, Minimum wages, Monetary policy, Prices, Unemployment

Keywords: Australia and New Zealand, CR, Employment, Employment effect, Europe, GDP, GDP data, GDP figures, GDP growth, General government expenditure excl. privatization, Global, Inflation, Inflation targeting, Inflation targeting period, ISCR, Labor market market trend, Labor markets, Minimum wage, Minimum wages, Trends in OECD, Unemployment

Publication Details

  • Pages:

    116

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1998/004

  • Stock No:

    1GBREA0011998

  • ISBN:

    9781451814071

  • ISSN:

    1934-7685