IMF Staff Country Reports

United Kingdom: Selected Issues

Publication Date:

March 5, 2007

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper analyzes the impact of globalization on United Kingdom’s inflation and relative prices over the last decade. The IMF’s Global Economy Model (GEM) is used to estimate the relative importance of the various factors argued to have influenced the evolution of inflation and relative prices over this period. The key result is the significantly different impact of the shock on relative prices in the United Kingdom compared with the United States and the Euro area.

Series:

Country Report No. 2007/090

Subject:

Banking Commercial banks Financial institutions Foreign banks Inflation Migration Output gap Population and demographics Prices Production Wages