Ireland: Selected Issues

June 28, 2018

Preview Citation

Format: Chicago

Ireland: Selected Issues, (USA: International Monetary Fund, 2018) accessed December 21, 2024

Summary

This Selected Issues paper estimates the cyclical position of the Irish economy. Assessing the business cycle in Ireland is complicated by the open character of its labor market and large presence of globally active multinationals. However, analysis suggests that the Irish economy is in the midst of a cyclical upswing. All methods suggest a positive output gap in 2017, while the labor market shows signs of upward wage pressures, as net immigration has been weak so far. These signs are consistent with a cyclical upswing, amid strong estimated potential output growth, and point to risks of a boom-bust cycle, should the economy continue to push the growth momentum.

Subject: Corporate income tax, Labor, Labor force, Labor markets, National accounts, Personal income, Taxes, Unemployment rate

Keywords: Commercial real estate, Corporate income tax, CR, CRE market, CRE price, Europe, Exit tax, Global, Growth labor force growth, ISCR, Labor force, Labor force gap, Labor markets, Personal income, Price, Unemployment rate

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/195
Stock No:

1IRLEA2018002
ISBN:

9781484363874
ISSN:

1934-7685

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