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Cover IMF Research Bulletin
IMF Research Perspectives: Spring/Summer 2018
IMF Research Perspective (formerly published as IMF Research Bulletin) is a new, redesigned online newsletter covering updates on IMF research. In the inaugural issue of the newsletter, Hites Ahir interviews Valeria Cerra; and they discuss the economic environment 10 years after the global financial crisis. Research Summaries cover the rise of populism; economic reform; labor and technology; big data; and the relationship between happiness and productivity. Sweta C. Saxena was the guest editor for this inaugural issue.
Keywords:
IRB; big data wave; populism; product market reform; reform agenda; rise of populism; big data innovation; Big data; Global financial crisis of 2008-2009; Personal income; Output gap; Global; Europe
Cover IMF Staff Country Reports
Ireland: Selected Issues
International Monetary Fund. European Dept.
This Selected Issues paper reviews public expenditure efficiency in Ireland. Evidence suggests that while Ireland is a low spending country, it achieves a generally efficient use of public funds, with some key differences across sectors. Although the overall space for budgetary savings appears limited, further spending efficiency could help contain cost pressures coming from the demographic challenge of an aging population and improve the quality of public services. It could also help rechannel spending toward more productive uses, for instance by increasing public investment relative to current expenditure, and support the competitive position of the Irish economy and its growth potential.
Keywords:
ISCR; CR; firm; bank; TFP growth; Ireland; frontier firm; firm size; interest cover ratio; firms' TFP; CRE price; determinants of TFP; financial distress; Total factor productivity; Productivity; Global; Europe; C. public expenditure efficiency; Benchmarking expenditure; supervisory response; core infrastructure quality outcome; Health care spending