European Parliament Library

United Kingdom :, Selected Issues Paper

This paper estimates the extent of spare capacity in the U.K. economy using a range of methodologies pointing to an output gap and the behavior of inflation during large output gaps. The usefulness of fiscal rules in supporting fiscal consolidation is generally positive, and a more permanent rules-based fiscal framework is required. The banking system has recovered fast; however, the sustainability of the sector’s recovery is still uncertain, and risks remain. An update on reforms to the financial sector’s regulatory and supervisory framework is also provided
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; Figures; Tables; Boxes; Appendices; A. Introduction; B. HP Filter Approach; C. Multivariate Filter Model; D. Growth Accounting Approach; I. 1. Growth Accounting and Capacity Utilization, 1985-2010; I. 2. Equilibrium Aggregate Inputs and Output Gap, 1985-2010; E. Survey-based Measures of Spare Capacity; F. Conclusion; I. 1 Details of the Multivariate Filter Model; I. 2 Data Sources; I. Estimating the UK's Output Gap; A. Tracing Inflation Dynamics During PLOG Episodes; B. Main Results; II. 1. CPI Inflation at the Outset and End of PLOG Episodes
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (172 p.)
Specific Material Designation
Form Of Item

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