Ireland: Selected Issues

September 10, 2012

Preview Citation

Format: Chicago

Ireland: Selected Issues, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

The Selected Issues paper describes the nexus between household wealth, saving, and consumption, and provides estimates for the medium-term path of household saving and consumption. The paper also discusses to what extent the credit market frictions are holding back Ireland's economic recovery. Under current macroeconomic assumptions, the savings rate is expected to decline. Households have rapidly accumulated debt during boom times, and incomes and asset values have declined severely during the crisis. The Executive Board welcomes the country’s efforts toward economic recovery.

Subject: Credit, Employment, Income, Income and capital gains taxes, Income tax systems, Labor, Money, National accounts, Taxes

Keywords: Australia and New Zealand, CR, Credit, Debt path, Employment, Europe, Firm, House purchase, Household saving rate, Income, Income and capital gains taxes, Income tax systems, ISCR, Lending, Lending channel, Saving, Savings rate, Western Europe

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/265
Stock No:

1IRLEA2012004
ISBN:

9781475510461
ISSN:

1934-7685

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