Ireland: Staff Report for the 2003 Article IV Consultation

International Monetary Fund

No 2003/242, IMF Staff Country Reports from International Monetary Fund

Abstract: Over the past decade, Ireland has experienced a sustained expansion in output and employment that has raised its per capita income above the ED average. The decline in interest rates, and increasing financial sector competition, rapidly rising disposable income, and high rates of household formation have fuelled a spectacular increase in housing prices. Executive Directors emphasized that wage growth must moderate to preserve external competitiveness and avoid risks to output and employment. Regulatory reform should be oriented firmly toward serving consumer welfare.

Keywords: ISCR; CR; merchandise trade data; report; harmonized consumer price inflation; income; debt ratio; accounts data; real GNP; national income accounts data; Fiscal stance; Housing prices; Wages; Competition; Global (search for similar items in EconPapers)
Pages: 57
Date: 2003-08-06
References: Add references at CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=16781 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2003/242

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().