Ireland: Staff Report for the 2000 Article IV Consultation

IMF Staff Country Reports, August 10, 2000

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Ireland: Staff Report for the 2000 Article IV Consultation

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Bibliographic details

• Published: August 10, 2000
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451818727.002

Executive summary and main findings

• Ireland continues to achieve spectacular economic growth.
• Strains associated with the rapid growth have become more visible.
• Fiscal policy should be tightened to restrain excess demand pressures.
• Strict adherence to the agreed wage increases under the Programme for Prosperity and Fairness (PPF) is critical.
• The government's plans to simplify the tax structure are commended.
• Ireland's participation in the Financial Sector Assessment Program (FSAP) pilot project is commended.
• The sustained rapid growth in private sector lending requires vigilance.
• The government support for trade liberalization process is welcome.

Policy recommendations

• Tighten fiscal policy to restrain excess demand pressures.
• Ensure strict adherence to agreed public sector wage increases under the Programme for Prosperity and Fairness (PPF).
• Proceed with plans to simplify the tax structure.
• Maintain vigilance over sustained rapid growth in private sector lending.
• Continue participation in FSAP and support trade liberalization.

Subject areas and keywords

• Subject: Fiscal policy, Fiscal stance, Inflation, Labor, Prices, Public sector wages, Wages
• Keywords: CR, factor income, Fiscal stance, Global, headline inflation, house price inflation, Inflation, ISCR, price, property price inflation, Public sector wages, real GNP, services price inflation, Wages

Publication metadata and identifiers

• Publication title: Ireland: Staff Report for the 2000 Article IV Consultation
• Date: August 10, 2000
• Series: Country Report No. 2000/097
• Volume: 2000
• Issue: 097
• Pages: 57
• DOI: https://doi.org/10.5089/9781451818727.002
• ISBN: 9781451818727
• ISSN: 1934-7685
• Stock No: 1IRLEA0012000

Source: Ireland: Staff Report for the 2000 Article IV Consultation, IMF Staff Country Reports, August 10, 2000.

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• Ireland: Staff Report for the 2000 Article IV Consultation - ISCR/00/97
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