The Cyclical Conduct of Irish Fiscal Policy

14 Pages Posted: 13 Oct 2012

See all articles by Agustín S. Bénétrix

Agustín S. Bénétrix

affiliation not provided to SSRN

Philip R. Lane

Trinity College (Dublin) - Department of Economics; Centre for Economic Policy Research (CEPR); Central Bank of Ireland

Date Written: October 2012

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.

Suggested Citation

Bénétrix, Agustín S. and Lane, Philip R., The Cyclical Conduct of Irish Fiscal Policy (October 2012). The World Economy, Vol. 35, Issue 10, pp. 1277-1290, 2012. Available at SSRN: https://ssrn.com/abstract=2161174 or http://dx.doi.org/10.1111/j.1467-9701.2012.01483.x

Agustín S. Bénétrix (Contact Author)

affiliation not provided to SSRN

Philip R. Lane

Trinity College (Dublin) - Department of Economics ( email )

Trinity College
Dublin 2
Ireland
+353 1 608 2259 (Phone)
+353 1 677 2503 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Central Bank of Ireland ( email )

P.O. Box 559
Dame Street
Dublin, 2
Ireland

Register to save articles to
your library

Register

Paper statistics

Downloads
1
Abstract Views
203
PlumX Metrics