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The Irish macroeconomic crisis of 1955-56 : how much was due to monetary policy

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  • Ó Gráda, Cormac
  • Honohan, Patrick

Abstract

The 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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File URL: http://researchrepository.ucd.ie/bitstream/10197/463/3/ogradac_article_pub_061.pdf
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Bibliographic Info

Paper provided by University College Dublin in its series Open Access publications from University College Dublin with number urn:hdl:10197/463.

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Length: 29
Date of creation: 1998
Date of revision:
Publication status: Published in Irish Economic and Social History (1998) v.24, p.52-80
Handle: RePEc:ner:ucddub:urn:hdl:10197/463

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Web page: http://www.ucd.ie

Related research

Keywords: Ireland--Economic conditions--20th century; Monetary policy--Ireland; Macroeconomics;

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Cited by:
  1. Cormac Ó Gráda, 2008. "The Irish Economy half a Century ago," Working Papers 200818, School Of Economics, University College Dublin.
  2. Cormac Ó Gráda, 2011. "Five Crises," Working Papers 201112, School Of Economics, University College Dublin.

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