United Kingdom: Recent Economic Developments

December 16, 1996

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Format: Chicago

United Kingdom: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed September 19, 2024

Summary

This paper reviews economic developments in the United Kingdom during 1991–96. The paper examines two sets of possible reasons why the United Kingdom's savings and investment rates are lower than elsewhere. The first consists of factors leading to lower optimal rates of savings and investment: these include demographics, economic structure and technology, a liberalized financial environment, and so on. The second consists of distortions leading to lower-than-optimal savings and investment rates. The paper also presents new estimates for the potential growth rate, the output gap, and the natural rate of unemployment.

Subject: Income inequality, National accounts, Output gap, Personal income, Potential output, Production, Productivity

Keywords: CR, Europe, Income, Income inequality, Investment, Investment decision, ISCR, Output gap, Personal income, PFI project, Potential output, Productivity, Productivity growth, Repo market, United Kingdom economy

Publication Details

Pages:

179
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/130
Stock No:

1GBREA0011996
ISBN:

9781451814064
ISSN:

1934-7685

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