Ireland: Selected Issues

March 25, 2015

Summary

This Selected Issues paper outlines some of the technical issues associated with implementation of European Union (EU) fiscal rules in Ireland. Ireland is expected to exit the Excessive Deficit Procedure in 2015. From a peak of 13.3 percent of GDP in 2010, the overall deficit was brought down to an estimated 3.9 percent of GDP in 2014. In this paper, EU fiscal rule framework is discussed in more detail. Technical challenges in estimating potential output in Ireland, and some options to address these challenges are also outlined.

Subject: Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Loans, Mutual funds, Output gap, Potential output, Production

Keywords: B. EU fiscal rule, contract manufacturing, CR, Europe, financing alternative, Fiscal stance, GDP, Global, Ireland, ISCR, Loans, Multinational enterprises, Mutual funds, OECD output gap, Output gap, output gap estimate, output gap excluding sector, potential GDP, potential GDP growth, Potential output, REIT shares investor, structural adjustment rule, trade performance

Pages:
33
Volume:
2015
DOI:
https://doi.org/10.5089/9781475599336.002
Issue:
078
Series:
Country Report No. 2015/078
Stock No:
1IRLEA2015004
ISBN:
9781475599336
ISSN:
1934-7685

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