05668oam 22013454 450 991082279450332120240402045937.01-4623-5444-01-4527-0120-21-280-89289-71-4527-1653-69786613734204(CKB)3360000000438632(EBL)1607585(SSID)ssj0000941837(PQKBManifestationID)11514421(PQKBTitleCode)TC0000941837(PQKBWorkID)10964066(PQKB)11260021(OCoLC)535146895(MiAaPQ)EBC1607585(IMF)1IRLEE2007002(IMF)1IRLEA2007002(EXLCZ)99336000000043863220020129d2007 uf 0engur|n|---|||||txtccrIreland : 2007 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion1st ed.Washington, D.C. :International Monetary Fund,2007.1 online resource (49 p.)IMF Staff Country ReportsCover 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.1-4518-1885-8 ""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""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.IMF Staff Country Reports; Country Report ;No. 2007/325Monetary policyIrelandFiscal policyIrelandBanks and BankingimfExports and ImportsimfMacroeconomicsimfPublic FinanceimfReal EstateimfLaborimfHousing Supply and MarketsimfFiscal PolicyimfDebtimfDebt ManagementimfSovereign DebtimfWages, Compensation, and Labor Costs: GeneralimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfProperty & real estateimfPublic finance & taxationimfBankingimfFinanceimfLabourimfincome economicsimfInternational economicsimfHousing pricesimfPublic debtimfFiscal stanceimfFiscal policyimfWagesimfPricesimfHousingimfDebts, PublicimfCreditimfIrelandEconomic conditions1949-IrelandEconomic policyIrelandimfMonetary policyFiscal policyBanks and BankingExports and ImportsMacroeconomicsPublic FinanceReal EstateLaborHousing Supply and MarketsFiscal PolicyDebtDebt ManagementSovereign DebtWages, Compensation, and Labor Costs: GeneralMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralProperty & real estatePublic finance & taxationBankingFinanceLabourincome economicsInternational economicsHousing pricesPublic debtFiscal stanceFiscal policyWagesPricesHousingDebts, PublicCredit332.152International Monetary Fund.DcWaIMFBOOK9910822794503321Ireland222393UNINA