UK membership of the single currency

List of Charts
1 What if the UK had joined EMU in 1999: paths of key variables
in and out of EMU
1.1 Differentials between the UK and euro area official nominal
interest rate and real interest rate
1.2 GDP growth
1.3 Output gaps
1.4 GDP and private consumption annual growth
1.5 HICP annual inflation rates
1.6 UK long-term bond yield differential with the euro area
1.7 Nominal exchange rates
1.8 Taylor rule estimates of the nominal short-term interest rate
for the UK and euro area countries
1.9 The output gap business cycle
1.10 Output gaps, absolute deviations from the euro area aggregate,
1993-2002
1.11 Output and consumption volatility, 1980Q1-1998Q2
1.12 Output and consumption volatility, 1998Q1-2002Q4
1.13 UK regional output gaps, absolute deviations from the UK aggregate,
1990-1999
1.14 Trade integration with the EU, 2001
1.15 Sterling-euro exchange rate
2.1 Unemployment and skills shortages
2.2 Unemployment rates
2.3 Structural unemployment
2.4 Average earnings growth and unemployment rate
2.5 The enterprise gap, 2002
2.6 Relative aggregate price levels of large EU Member States
2.7 Overall product market regulation
2.8 Typical time to set up a private limited company
2.9 HICP inflation rates
2.10 Real effective exchange rates against the euro area
3.1 UK business investment ratio
3.2 10-year government bond yields in euro area countries (annual
average)
3.3 Country shares of total EU inward investment flows
3.4 Country shares of inward investment flows from outside the
EU
3.5 FDI inflows to the UK and Germany excluding M&A activity
5.1 General government gross debt, end 2002
5.2 Gross public investment, 2002
5.3 UK trade in goods - 1973 and 2002
5.4 Price convergence in the EU
5.5 Price dispersion in the EU and US
5.6 Unemployment rates in the euro area
5.7 Business sectors in the EU, 2002
5.8 Business sectors in UK regions, 1998
5.9 State tax revenues in the US, 2001
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