Ireland: Selected Issues
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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.
Series:
Country Report No. 2012/265
Subject:
Credit Employment Income Income and capital gains taxes Income tax systems Labor Money National accounts Taxes
Frequency:
Annually
English
Publication Date:
September 10, 2012
ISBN/ISSN:
9781475510461/1934-7685
Stock No:
1IRLEA2012004
Pages:
74
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