structural fiscal balance

Simone Baribeau

The IMF said that it did not take proper account of asset price booms when assessing Ireland’s fiscal situation in a paper today.

The paper said that the IMF’s calculation of the structural fiscal balance of Ireland was broadly based on the OECD approach. “While this approach works well in many cases, recent events have highlighted its limitations under certain circumstances, such as property or other asset price booms.” Read more