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The Cyclical Conduct of Irish Fiscal Policy

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  • Agustin Benetrix

    ()
    (IIIS, Trinity College Dublin)

  • Philip R. Lane

    ()
    (IIIS, Trinity College Dublin)

Abstract

This paper provides an overview of the cyclical conduct of fiscal policy in Ireland both before and during the crisis. It shows that fiscal policy has been procyclical, with financial shocks amplifying the fiscal cycle. In addition, it highlights the importance of institutional reform and outlines the case for a formal fiscal framework.

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Bibliographic Info

Paper provided by IIIS in its series The Institute for International Integration Studies Discussion Paper Series with number iiisdp374.

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Length: 20 pages
Date of creation: Nov 2011
Date of revision:
Handle: RePEc:iis:dispap:iiisdp374

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Keywords: Irish fiscal policy; cyclical fiscal policy;

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  1. Nathalie Girouard & Robert W.R. Price, 2004. "Asset Price Cycles, “One-Off” Factors and Structural Budget Balances," OECD Economics Department Working Papers 391, OECD Publishing.
  2. Addison-Smyth, Diarmaid & McQuinn, Kieran & O' Reilly, Gerard, 2009. "Quantifying Revenue Windfalls from the Irish Housing Market," Research Technical Papers 10/RT/09, Central Bank of Ireland.
  3. Kearney, Ide & McCoy, Daniel & Duffy, David & McMahon, Michael & Smyth, Diarmaid, 2000. "Assessing the Stance of Irish Fiscal Policy," Papers, Economic and Social Research Institute (ESRI) BP2001/1, Economic and Social Research Institute (ESRI).
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