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Barry, Frank
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Barry, Frank
Official Name
Barry, Frank
Research Output
Now showing 1 - 4 of 4
- PublicationExchange rate policy when the labour market exhibits hysteresisThis paper analyzes the effects of exchange rate shocks in a small open economy whose labor market exhibits hysteresis. The model is used to highlight deficiencies in the response of the Irish authorities to exchange rate crisis of 1992/93. A secondary purpose of the paper, though, is to induce those who accept that the Irish labour market is characterised by hysteresis but who reject the argument made here that a more aggressive devaluation should have been pursued, to spell out the labour-market model upon which their policy prescriptions are based.
342 - PublicationCompetitiveness revisitedA review of 'Jobs and wages: the true cost of competitiveness' published by socialist economists
140 - PublicationMultinationals and indigenous employment : an "Irish disease"?In trade studies Ireland emerges as having a revealed comparative disadvantage in labour-intensive industries. Can the country's unusual industrial structure contribute to our understanding of its high unemployment? The Dutch-disease models we explore suggest that the inflow of multinationals would have stimulated employment when the exchange rate was linked to sterling, but could have had less benevolent consequences when the exchange rate became more flexible. We also discuss a number of alternative hypotheses on the relationship between multinational and aggregate employment.
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