Cover IMF Staff Country Reports
Ireland: Background Papers
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1995: Issue 076
Language:
English
Publication Date:
17 Aug 1995
DOI:
https://doi.org/10.5089/9781451818673.002
ISBN:
9781451818673
ISSN:
1934-7685
Pages:
119
Keywords:
ISCR; CR; GATT agreement; estimate; GATT; GATT Uruguay Round agreement; HP estimates of the output gap; computing output gaps; trade hostility; Real exchange rates; Transfer pricing; Output gap; Current spending; General Agreement on Tariffs and Trade; Global
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This paper considers elements of macroeconomic policy central to Ireland’s objective of being among the first countries to enter into European Economic and Monetary Union. The paper analyzes the main determinants of the Irish pound/sterling exchange rate, an issue brought to the fore by the currency turbulence of March 1995, which saw a sterling-inspired decline in the Irish pound against the deutsche mark. It also considers fiscal developments and prospects, highlighting tax reform measures undertaken to accelerate job creation, the growth of spending in recent years, and the medium-term fiscal outlook.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 1995: Issue 076