Irish inflation : appropriate policy responses

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Title: Irish inflation : appropriate policy responses
Authors: Thom, RodneyO'Rourke, Kevin H.
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Date: 2000
Online since: 2008-12-04T15:29:02Z
Abstract: This article argues that the cost increasing, supply side approach cannot adequately explain the current Irish inflation. It suggests that the correct model is one that is based on excess demand fuelled by continuing economic growth and demand-side shocks, including nominal exchange rate depreciation and lax budgetary policy. Evidence is presented to suggest that inflationary pressures have been building up in the economy for longer than is generally appreciated. As for appropriate policy responses, these include nominal wage increases above those agreed under the PPF but exclude tax cuts which, at the time of writing, seem likely to emerge in the December 2000 Budget.
Type of material: Journal Article
Publisher: Irish Banking Federation
Journal: Irish Banking Review
Issue: Winter 2000
Start page: 33
End page: 47
Copyright (published version): Irish Bankers' Federation 2000
Subject LCSH: Inflation (Finance)--Ireland
Ireland--Economic policy
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Language: en
Status of Item: Peer reviewed
Appears in Collections:Economics Research Collection

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