The U.K. Business Cycle, Monetary Policy, and EMU Entry:
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Bibliographic Details
Main Author: Samiei, Hossein (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 2000
Series:IMF Working Papers Working Paper No. 00/210
Links:http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
http://elibrary.imf.org/view/IMF001/07356-9781451874792/07356-9781451874792/07356-9781451874792.xml
Abstract:In the context of the U.K. government's EMU entry condition of cyclical convergence, this paper (i) provides further evidence suggesting that historically the U.K.'s business cycle has been more volatile than, and relatively independent of, the cycles in the euro-area countries; and (ii) identifies, using a small VAR model, a relatively significant role for monetary policy in explaining these differences. A simulation exercise suggests that if the U.K. interest rates had been more closely aligned with those in the euro area in the 1990s (as they would be if the United Kingdom were to join EMU), output growth might have been less volatile and more correlated with that in the euro area, but inflationary pressures might have persisted
Physical Description:1 Online-Ressource (26 p)
ISBN:1451874790
9781451874792