Many lessons should be learned from the severe crisis that Ireland has suffered, including the importance of fostering serious and substantive debate on macro-financial stability across participants from all sectors, with a special role for academic voices in this dialogue (Casey 2018).
Moreover, in the annual labor-management wage negotiations this year, many firms will increase wages, including base pay, which was raised to a larger extent than last year. More firms have been shifting their price-setting behavior toward a strategy of raising sales prices while increasing value-added. Inflation expectations can be judged as rising on the whole from a somewhat longer-term perspective.