Ireland: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 1997 Issue 077

Publication date: September 1997

ISBN: 9781451818697

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Labor , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , Ireland , deficit , GDP , spending , EMU membership , government deficit , unemployment assistance , budget target , EMU DM interest rates , ERM band , family income , Income , Budget planning and preparation , Unemployment benefits , Government debt management , Europe

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Summary

This Selected Issues paper analyzes budgetary developments in Ireland during the 1990s. The paper highlights that Irish fiscal policy has been central to the social consensus on macroeconomic policies. The economic buoyancy has reinforced this cycle by facilitating the tax cuts and increases in social spending that have been instrumental to the social consensus on policies, while also helping to keep deficits low. The paper also discusses the participation of Ireland in the European Monetary Union.