Ireland: Selected Issues

International Monetary Fund

No 2007/326, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper discusses Ireland’s trade and financial linkages with key partner countries. The paper uses a vector autoregression to examine the impact of shocks to partner country GDP and shocks to Irish competitiveness on Irish GDP. Two main findings are that shocks to U.S. GDP have a much larger impact on the variance of Irish GDP than shocks to the euro area or the United Kingdom. The paper also uses the IMF’s Global Fiscal Model to compare the effects of alternative fiscal adjustment strategies on employment and growth.

Keywords: ISCR; CR; Ireland; GDP; spending; labor market; debt; financial system; arm's length content; social security contribution rate; Ireland's private-sector indebtedness; competitiveness affect Ireland; U.K. GDP; debt issuance; net debt path; credit growth; Pension spending; Aging; Social security contributions; Labor market flexibility; Global; Europe (search for similar items in EconPapers)
Pages: 44
Date: 2007-09-24
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