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Ireland’s economic crisis - the good, the bad and the ugly

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  • Karl Whelan

Abstract

This paper provides an overview of Ireland’s macroeconomic performance over the past decade. In addition, to presenting the underlying facts about the boom, bust and (currently limited) recovery, the paper also discusses some common fallacies and misrepresentations of economic events in Ireland. The paper concludes with some broader lessons from the Irish experience for Eurozone economic policy and some observations on the role that EMU and the ECB have played in Ireland’s crisis.

Suggested Citation

  • Karl Whelan, 2013. "Ireland’s economic crisis - the good, the bad and the ugly," Working Papers 201306, School of Economics, University College Dublin.
    • Handle: RePEc:ucn:wpaper:201306
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    File URL: http://hdl.handle.net/10197/4524
    File Function: First version, 2013
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    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • G01 - Financial Economics - - General - - - Financial Crises

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