The Irish Fiscal Crisis-Reference-Cited by-同舟云学术

The Irish Fiscal Crisis

Published:2011-07 Issue: Volume:217 Page:R47-R59
ISSN:0027-9501
Container-title:National Institute Economic Review
language:en
Short-container-title:Natl. Inst. econ. rev.

Author:

Bergin Adele,Gerald John Fitz,Kearney Ide,O'Sullivan Cormac

Abstract

This paper considers the origins and characteristics of the current economic crisis in Ireland. In particular, it examines how fiscal policy contributed to the crisis rather than preventing it. The paper gives details of the major fiscal tightening that is under way. By 2014 the authorities will have implemented a package of ex ante cuts equivalent to one-fifth of GDP. The costs of this package, together with the more permanent effects of the recession on potential output, are discussed and the legacy effects of the crisis for government indebtedness are analysed.

Publisher

Cambridge University Press (CUP)

Subject

General Economics, Econometrics and Finance

Link

http://journals.sagepub.com/doi/pdf/10.1177/0027950111420920

Reference25 articles.

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2. IMF (2011), Ireland Country Report 11/109, May.

3. Fiscal Adjustment and Disinflation in Ireland: Setting the Macro Basis of Economic Recovery and Expansion

4. European Commission (2011), The Economic Adjustment Programme for Ireland, Spring 2011 Review, April.

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