Ireland: Selected Issues

September 24, 2007

Preview Citation

Format: Chicago

Ireland: Selected Issues, (USA: International Monetary Fund, 2007) accessed November 12, 2024

Summary

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.

Subject: Aging, Expenditure, Labor, Labor market flexibility, Pension spending, Pensions, Population and demographics, Social security contributions, Taxes

Keywords: Aging, Arm's length content, Competitiveness affect Ireland, CR, Credit growth, Debt, Debt issuance, Europe, Financial system, GDP, Global, Ireland, Ireland's private-sector indebtedness, ISCR, Labor market, Labor market flexibility, Net debt path, Pension spending, Social security contribution rate, Social security contributions, Spending, U.K. GDP

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/326
Stock No:

1IRLEA2007003
ISBN:

9781451818864
ISSN:

1934-7685

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