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IMF Working Papers
Asset Booms and Structural Fiscal Positions : The Case of Ireland
2010
INTERNATIONAL MONETARY FUND

Asset booms and sectoral changes can distort traditional estimates of structural fiscal revenue, and could lead to serious fiscal policy errors. This paper extends the estimation of structural revenues to take account of asset prices and sectoral changes, and applies this to the case of Ireland, where a property bust has revealed a large hole in the public finances...

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IMF Working Papers
Asset Booms and Structural Fiscal Positions : The Case of Ireland
2010
INTERNATIONAL MONETARY FUND

Asset booms and sectoral changes can distort traditional estimates of structural fiscal revenue, and could lead to serious fiscal policy errors. This paper extends the estimation of structural revenues to take account of asset prices and sectoral changes, and applies this to the case of Ireland, where a property bust has revealed a large hole in the public finances...

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IMF Working Papers
Asset Booms and Structural Fiscal Positions : The Case of Ireland
2010
INTERNATIONAL MONETARY FUND

Asset booms and sectoral changes can distort traditional estimates of structural fiscal revenue, and could lead to serious fiscal policy errors. This paper extends the estimation of structural revenues to take account of asset prices and sectoral changes, and applies this to the case of Ireland, where a property bust has revealed a large hole in the public finances...

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