The Irish macroeconomic crisis of 1955-56 : how much was due to monetary policy
AbstractThe macroeconomic crisis of 1955-56 was the defining event of post-war Irish economic history. What had been an underperforming economy slid into deep recession for reasons which were poorly understood. The long-term consequences were considerable: the reorientation of economic policy that resulted led to the restructuring and expansion of manufacturing on the basis of tax- and grant-aided foreign direct investment to a degree which today continues to be unparalleled.
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Bibliographic InfoPaper provided by University College Dublin in its series Open Access publications from University College Dublin with number urn:hdl:10197/463.
Date of creation: 1998
Date of revision:
Publication status: Published in Irish Economic and Social History (1998) v.24, p.52-80
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Web page: http://www.ucd.ie
Ireland--Economic conditions--20th century; Monetary policy--Ireland; Macroeconomics;
Other versions of this item:
- Honohan, P. & Grada, C.O., 1998. "The Irish Macroeconomic Crisis of 1955-56: How Much Was Due to Monetary Policy," Papers 98/09, College Dublin, Department of Political Economy-.
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
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- Cormac Ó Gráda, 2008. "The Irish Economy half a Century ago," Working Papers 200818, School Of Economics, University College Dublin.
- Cormac Ó Gráda, 2011. "Five Crises," Working Papers 201112, School Of Economics, University College Dublin.
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