Abstract

http://ssrn.com/abstract=1929545
 
 

References (24)



 


 



Is Ireland Really the Role Model for Austerity?


Stephen Kinsella


University of Limerick

September 17, 2011

Cambridge Journal of Economics, Forthcoming

Abstract:     
This paper describes the causes and consequences of Ireland’s economic crisis in the context of the policy solution implemented to contain that crisis: protracted fiscal austerity. I describe the causes of the recent crisis in Ireland, and look at the logic of austerity with a simple model. I compare the current crisis to the crisis of the 1980s, when fiscal austerity was touted as the trigger for the Celtic Tiger. I discuss the measures implemented to date in the current crisis, tracing their effects on sectors of Ireland’s macroeconomy, and, finally, ask whether Ireland is, indeed, the role model for fiscal austerity in the Eurozone and beyond.

Number of Pages in PDF File: 20

Keywords: Ireland, Austerity, Fiscal Policy, Monetary Policy

JEL Classification: E00, E30, E62, E63

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Date posted: September 18, 2011  

Suggested Citation

Kinsella, Stephen, Is Ireland Really the Role Model for Austerity? (September 17, 2011). Cambridge Journal of Economics, Forthcoming. Available at SSRN: http://ssrn.com/abstract=1929545

Contact Information

Stephen Kinsella (Contact Author)
University of Limerick ( email )
Limerick
Ireland
+35361233611 (Phone)
+35361330316 (Fax)
HOME PAGE: http://stephenkinsella.net
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