Spillovers to Ireland

22 Pages Posted: 25 Jan 2008

See all articles by Daniel Kanda

Daniel Kanda

International Monetary Fund (IMF)

Date Written: Janurary 2008

Abstract

This paper discusses Ireland's trade and financial linkages with key partner countries, and uses a vector auto-regression 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.

Keywords: Trade, Ireland, External shocks

Suggested Citation

Kanda, Daniel, Spillovers to Ireland (Janurary 2008). IMF Working Paper No. 08/2, Available at SSRN: https://ssrn.com/abstract=1087181

Daniel Kanda (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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