Ireland: Selected Issues

International Monetary Fund

No 2012/265, IMF Staff Country Reports from International Monetary Fund

Abstract: The Selected Issues paper describes the nexus between household wealth, saving, and consumption, and provides estimates for the medium-term path of household saving and consumption. The paper also discusses to what extent the credit market frictions are holding back Ireland's economic recovery. Under current macroeconomic assumptions, the savings rate is expected to decline. Households have rapidly accumulated debt during boom times, and incomes and asset values have declined severely during the crisis. The Executive Board welcomes the country’s efforts toward economic recovery.

Keywords: ISCR; CR; firm; saving; lending; savings rate; lending channel; house purchase; debt path; household saving rate; Employment; Credit; Income; Income and capital gains taxes; Income tax systems; Europe; Australia and New Zealand; Western Europe (search for similar items in EconPapers)
Pages: 74
Date: 2012-09-10
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Citations: View citations in EconPapers (1)

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