IMF Staff Country Reports

Uruguay: 2011 Selected Issues

Publication Date:

December 29, 2011

Electronic Access:

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Summary:

This 2011 Article IV Consultation—Selected Issues paper focuses on estimating potential output and the output gap and spillovers from agriculture in the case of Uruguay. It introduces additional economic information and theory to estimate potential output, shedding some light on the discussion of current monetary and fiscal policies. The objective is to take advantage of economic data to disentangle the most recent economic performance by introducing multivariate techniques. The paper also presents an overview of the labor market and pension system of Uruguay.

Series:

Country Report No. 2011/376

Subject:

Dollarization Labor Monetary policy Output gap Pension spending Potential output Production Real wages Wages