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Ireland: Selected Issues and Statistical Appendix
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2000: Issue 099
Language:
English
Publication Date:
14 Aug 2000
DOI:
https://doi.org/10.5089/9781451818789.002
ISBN:
9781451818789
ISSN:
1934-7685
Pages:
69
Keywords:
ISCR; CR; price; Ireland; price inflation; GDP; employment growth; production function; GDP ratio; price development; output gap; interest outlay; Housing prices; Inflation; Housing; Fiscal stance; Europe
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The sharp and sustained increase in Ireland's housing prices well in excess of income growth, together with rapidly declining affordability for new house buyers, raises concerns that expectations-led demand may have resulted in housing prices overshooting their sustainable levels. The paper reviews the main factors behind the improvement in Ireland's economic performance, and alternative assessments of the stance of fiscal policy during a period of rapidly accelerating economic growth. The major factors that are likely to influence fiscal policy are also reviewed.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund