United States: Selected Issues
Electronic Access:
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Summary:
This Selected Issues paper on the United States analyzes the measures of potential output, natural rate of unemployment, and capacity utilization. Traditionally, measures of resource utilization have been used as indicators for the potential build-up of inflation pressures, and hence as guides for the formulation of macroeconomic policy. The paper highlights that the most commonly used indicators of resource utilization in the United States are the output gap, the employment gap, and capacity utilization in industry. The paper also analyzes the wage and price determination and productivity trends in the United States.
Series:
Country Report No. 1999/101
Subject:
Balance of payments Current account deficits Dollarization Extra-budgetary funds Financial institutions Monetary policy National accounts Private savings Public financial management (PFM) Stocks
English
Publication Date:
September 15, 1999
ISBN/ISSN:
9781451839579/1934-7685
Stock No:
1USAEA0021999
Pages:
107
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