The Cyclical Conduct of Irish Fiscal Policy
14 Pages Posted: 13 Oct 2012
Date Written: October 2012
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.
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