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United Kingdom; Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper on the United Kingdom reviews the IMF's Global Economy Model, which incorporates energy to examine the impact of rising energy prices on the United Kingdom. The model incorporates energy as a final consumption good as well as a primary input in the production process. With energy entering the production process, increases in energy costs affect overall aggregate supply capacity as firms reduce output and factor-utilization rates given the real increase in their cost structures.

Suggested Citation

  • International Monetary Fund, 2006. "United Kingdom; Selected Issues," IMF Staff Country Reports 06/87, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:06/87
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=18986
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    Cited by:

    1. José Francisco Bellod Redondo, 2011. "Detección de burbujas inmobiliarias: el caso español," Contribuciones a la Economía, Grupo Eumed.net (Universidad de Málaga), issue 2011-05, May.

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