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Spillovers to Ireland
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Author/Editor: |
Kanda, Daniel |
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January 1, 2008 |
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Electronic Access: |
Free Full Text (PDF file size is 317KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
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Summary: This paper discusses Ireland's trade and financial linkages with key partner countries, and uses a vector autoregression to examine the impact of shocks to partner country GDP and shocks to Irish competitiveness on Irish GDP. Two main findings are that shocks to U.S. GDP have a larger impact on Irish GDP than shocks to the euro area or the U.K. Also, the share of the variance of Irish GDP explained by shocks to competitiveness rises with the forecast horizon, suggesting that past erosion of competitiveness may yet have a more substantial impact on economic activity.
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Series: |
Working Paper No. 08/2 |
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Subject(s): |
Trade | Ireland | External shocks |
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Author's keyword(s): |
Ireland | spillovers | Vector Autoregression |
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Published: |
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January 1, 2008 |
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Format: |
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Paper |
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Stock No: |
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WPIEA2008002 |
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Pages: |
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20 |
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Price: |
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US$18.00
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