Irelands Inflation Rate

Topics: Keynesian economics, Monetary policy, Gross domestic product Pages: 3 (806 words) Published: January 17, 2013
rish IIreland Inflation Rate
The inflation rate in Ireland was recorded at 1.20 percent in October of 2012. Inflation Rate in Ireland is reported by the Central Statistics Office Ireland. Historically, from 1976 until 2012, Ireland I.R averaged 5.3 Percent reaching an all time high of 23.2 Percent in October of 1981 and a record low of -6.6 Percent in October of 2009. In Ireland, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.

Ireland GDP
The Gross Domestic Product (GDP) in Ireland was worth 217.28 billion US dollars in 2011, according to a report published by the World Bank. The GDP value of Ireland is roughly equivalent to 0.35 percent of the world economy. GDP in Ireland is reported by the The World Bank Group. Historically, from 1960 until 2011, Ireland GDP averaged 63.4 USD Billion reaching an all time high of 263.7 USD Billion in December of 2008 and a record low of 1.9 USD Billion in December of 1960. The GDP measures of national income and output for a given country's economy. The GDP is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.

Banking crises as two types of events: bank runs that lead to the closure, merger, or takeover by the public sector of one or more financial institutions; and if there are no runs, the closure, merger, takeover, or large-scale government assistance for an important financial institution that marks the start of a string of similar outcomes for other financial institutions. The banking crises lead to sharp declines in tax revenues, as well as to significant increases in government spending. On average, they find that government debt rises by 86 percent during the three years following a banking crisis, and at the end of this period, growth resumes slowly to reach an average annual rate of 2½ percent in the third year after the crisis. Studies have typically found...
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