Options
Governing the Irish economy: a triple crisis
Author(s)
Date Issued
2011-02-21
Date Available
2013-11-15T17:11:58Z
Abstract
The international economic crisis hit Ireland hard from 2007 on. Ireland’s membership of the Euro had a significant effect on the policy configuration in the run-up to the crisis, as this had shaped credit availability, bank incentives, fiscal priorities, and wage bargaining practices in a variety of ways. But domestic political choices shaped the terms on which Ireland experienced the crisis. The prior configuration of domestic policy choices, the structure of decision-making, and the influence of organized interests over government, all play a vital role in explaining the scale and severity of crisis. Indeed, this paper argues that Ireland has had to manage not one economic crisis but three –
financial, fiscal, and competitiveness. Initial recourse to the orthodox strategies of spending cuts and cost containment did not contain the spread of the crisis, and in November 2010 Ireland entered an EU-IMF loan agreement. This paper outlines the pathways to this outcome
Type of Material
Working Paper
Publisher
University College Dublin. Geary Institute
Series
UCD Geary Institute Discussion Paper Series
WP2011/03
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
File(s)
No Thumbnail Available
Name
Dellepiane_and_Hardiman,_Governing_the_Irish_Economy_-_A_Triple_Crisis.pdf
Size
795.56 KB
Format
Owning collection
Views
3970
Last Month
4
4
Acquisition Date
Mar 28, 2024
Mar 28, 2024
Downloads
1886
Last Month
5
5
Acquisition Date
Mar 28, 2024
Mar 28, 2024