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Record Nr. |
UNINA9910788526903321 |
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Titolo |
Ireland : : 2007 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2007 |
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ISBN |
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1-4623-5444-0 |
1-4527-0120-2 |
1-280-89289-7 |
1-4527-1653-6 |
9786613734204 |
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Descrizione fisica |
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1 online resource (49 p.) |
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Collana |
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IMF Staff Country Reports |
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Disciplina |
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Soggetti |
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Monetary policy - Ireland |
Fiscal policy - Ireland |
Banks and Banking |
Exports and Imports |
Macroeconomics |
Public Finance |
Real Estate |
Labor |
Housing Supply and Markets |
Fiscal Policy |
Debt |
Debt Management |
Sovereign Debt |
Wages, Compensation, and Labor Costs: General |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Property & real estate |
Public finance & taxation |
Banking |
Finance |
Labour |
income economics |
International economics |
Housing prices |
Public debt |
Fiscal stance |
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Fiscal policy |
Wages |
Prices |
Housing |
Debts, Public |
Credit |
Ireland Economic conditions 1949- |
Ireland Economic policy |
Ireland |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Cover title. |
"Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with members, usually every year"--Cover. |
"September 2007"--Cover. |
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Nota di contenuto |
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""Cover""; ""Contents""; ""I. Introduction""; ""II. Strong Growth in 2006, Though Housing Market Started to Cool""; ""III. Growth Slowdown Ahead, with Risks on the Downside""; ""IV. Ample Room for Fiscal Stabilizers, but Population Aging Ahead""; ""V. Banks have Large Exposures to Property, but Big Cushions Too""; ""VI. Labor Market Flexibility is Crucial to Facilitating Adjustment""; ""VII. Staff Appraisal""; ""Tables""; ""1. Selected Economic Indicators""; ""2. Summary of Balance of Payments""; ""3. Contributions to GDP Growth""; ""4. General Government Finances"" |
""5. Indicators of External and Financial Vulnerability""""Figure""; ""1. Banking System Developments""; ""Boxes""; ""1. Fund Policy Recommendations and Implementation""; ""2. Spillovers to Ireland""; ""3. Long-Term Fiscal Sustainability""; ""4. Finance and Growth""; ""Appendices""; ""I. Staff Analytical Work, 2002�07""; ""II. Sustainability Exercise""; ""Contents""; ""I. Fund Relations""; ""II. Statistical Issues"" |
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Sommario/riassunto |
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This 2007 Article IV Consultation highlights that economic performance of Ireland remains strong, supported by sound policies. The growth rate of real GNP per capita continues to be one of the highest among advanced economies and the unemployment rate one of the lowest. However, in recent years, economic growth became more reliant on house building, and competitiveness eroded. Rapidly rising housing prices were accompanied by surging bank credit to property-related sectors and strong wage growth. The banking system continues to perform well, but rapid credit growth has led to vulnerabilities. |
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