Haberis, Alex; Markovic, Bojan; Mayhew, Karen; Zabczyk, … - Bank of England - 2011
the United States; and a supply shock that raises US productivity relative to other countries. The impact on UK output and … raise UK exports and output, but would also contribute to increased inflationary pressure in the United Kingdom. Further … weakness in US domestic demand is likely to weigh on UK output and inflation. Productivity gains in the United States relative …