Book Chapter Details
Mandatory Fields
Stephen Kinsella
2016 January
Austerity and Recovery in Ireland: Europe's Poster Child and the Great Recession
Economic and Fiscal Policy
Oxford University Press
Oxford
Published
1
Optional Fields
Economics, Ireland, Fiscal Policy

The purpose of this chapter is to examine Irish economic and fiscal policy from 2002 to 2014, looking particularly at the experience of austerity from 2009 to 2013 using macroeconomic data.

The success of the Irish experience relative to other countries within adjustment programmes is frequently used by policy makers across the world to justify the imposition of austerity on other countries. Ireland is very often touted as the poster child for such policies. The IMF's Christine Lagarde cites Ireland's experience as setting "standards for the correct measures to follow towards a recovery".

This chapter will try to answer why, exactly, a small open economy like Ireland was able to marry growth and large scale fiscal consolidation. The answer lies in the institutional structure of the economy, its openness and particularly the sectoral structure of the economy. 

9780198792376
https://global.oup.com/academic/product/austerity-and-recovery-in-ireland-9780198792376?cc=ie&lang=en&
40
61
Grant Details