AbstractThis Selected Issues paper on the United Kingdom describes the issues related to the choice between different types of inflation targeting frameworks and the features of the Bank of England's framework. The paper focuses the trade-off between program costs, efficiency, and concerns about equity such as reduced poverty and improved income distribution. The study analyzes the main analytical framework to assess the gains and losses associated with joining the European Economic and Monetary Union, and also surveys a range of indicators of wage flexibility.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Staff Country Reports with number 00/106.
Date of creation: 28 Aug 2000
Date of revision:
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Postal: International Monetary Fund, Washington, DC USA
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