01557cas a2200241 a 4500 AALejournalIMF007538 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451839500 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. United States : Selected Issues. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (68 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1998/105 Full text available on IMF http://elibrary.imf.org/view/journals/002/1998/105/002.1998.issue-105-en.xml IMF e-Library