Ireland: Selected Issues and Statistical Appendix
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Summary:
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.
Series:
Country Report No. 2000/099
Subject:
Fiscal policy Fiscal stance Housing Housing prices Inflation National accounts Prices
English
Publication Date:
August 14, 2000
ISBN/ISSN:
9781451818789/1934-7685
Stock No:
1IRLEA0022000
Pages:
69
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