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Spillovers to Ireland

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  • Mr. Daniel S Kanda

Abstract

This paper discusses Ireland's trade and financial linkages with key partner countries, and uses a vector autoregression to examine the impact of shocks to partner country GDP and shocks to Irish competitiveness on Irish GDP. Two main findings are that shocks to U.S. GDP have a larger impact on Irish GDP than shocks to the euro area or the U.K. Also, the share of the variance of Irish GDP explained by shocks to competitiveness rises with the forecast horizon, suggesting that past erosion of competitiveness may yet have a more substantial impact on economic activity.

Suggested Citation

  • Mr. Daniel S Kanda, 2008. "Spillovers to Ireland," IMF Working Papers 2008/002, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2008/002
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    References listed on IDEAS

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    Cited by:

    1. International Monetary Fund, 2010. "Tunisia: Selected Issues," IMF Staff Country Reports 2010/109, International Monetary Fund.
    2. Ms. Mwanza Nkusu, 2013. "Boosting Competitiveness to Grow Out of Debt: Can Ireland Find a Way Back to Its Future?," IMF Working Papers 2013/035, International Monetary Fund.

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    Keywords

    WP; GDP; real GDP; Ireland; area GDP;
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