Ireland: Selected Issues

January 7, 1999

Summary

This Selected Issues paper presents a description of fiscal developments in Ireland since 1980. It attempts to decompose the improvement in the fiscal accounts into contributions from pure fiscal policy measures and contributions from other factors. Fiscal policy in 1997 and the budget for 1998 are outlined, and a discussion of the implications of the Stability and Growth Pact for policy formulation in Ireland is presented. The paper also examines the supervision system in Ireland and the performance of lending institutions.

Subject: Expenditure, Fiscal policy, Fiscal stance, Housing prices, Labor, Pension spending, Pensions, Prices

Keywords: asset price inflation, Cointegration likelihood ratio, CR, employee, estimates of the output gap, Europe, Fiscal stance, Global, Housing prices, incipient inflation, inflation, Ireland, ISCR, likelihood ratio test, pay, Pension spending, Pensions, production function approach, public sector wage bill, work incentive

Pages:
92
Volume:
1998
DOI:
https://doi.org/10.5089/9781451818703.002
Issue:
126
Series:
Country Report No. 1998/126
Stock No:
1IRLEA0011998
ISBN:
9781451818703
ISSN:
1934-7685

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