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United States: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper on the United States explains the behavior of inflation and unemployment during 1997–98. The paper highlights that a simple Philips curve equation relating inflation to the unemployment gap has overpredicted inflation since 1993. The mean forecast error for 1994–97 is greater than zero by an amount equivalent to two-thirds of the standard deviation of the forecast error. The paper also examines the developments in the U.S. stock prices. Alternative approaches to social security reform are also discussed.

Suggested Citation

  • International Monetary Fund, 1998. "United States: Selected Issues," IMF Staff Country Reports 1998/105, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1998/105
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    Cited by:

    1. Céline Charvériat, 2000. "Natural Disasters in Latin America and the Caribbean: An Overview of Risk," Research Department Publications 4233, Inter-American Development Bank, Research Department.
    2. Céline Charvériat, 2000. "Desastres naturales en América Latina y el Caribe: panorámica general del riesgo," Research Department Publications 4234, Inter-American Development Bank, Research Department.

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