01606cas a2200241 a 4500 AALejournalIMF006334 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451963687 1018-5941 BD-DhAAL BD-DhAAL Kanda, Daniel. Asset Booms and Structural Fiscal Positions : The Case of Ireland / Daniel Kanda. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. It is shown that excluding these factors led to a substantial bias in the estimation of structural revenues, and the structural balance prior to the crisis was much larger than earlier estimated. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2010/057 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/057/001.2010.issue-057-en.xml IMF e-Library