Repeating History: Fiscal Squeeze in Two Recessions in Ireland
Files in This Item:
|07_Hardiman,_Fiscal_Squeeze,_final.pdf||474.44 kB||Adobe PDF||Download|
|Title:||Repeating History: Fiscal Squeeze in Two Recessions in Ireland||Authors:||Hardiman, Niamh||Permanent link:||http://hdl.handle.net/10197/7296||Date:||Oct-2014||Abstract:||Ireland has been taken as an exemplary case of fiscal adjustment, not once, but twice, in its recent history: firstly in the late 1980s, more recently in the implementation of a sharply contractionary policy mix after the crisis of 2008, underpinned by the terms of the international loan agreement negotiated in November 2010. History has in a sense repeated itself, first as tragedy, we might say, and then as tragedy again. In both cases, Ireland attracted international plaudits for the determined way in which it implemented fiscal consolidation measures. Indeed, since the experiences of the 1980s were followed by a return to growth within a few years, Ireland was one of the key cases on which the argument for 'expansionary fiscal contraction' was made. The lessons from Ireland have therefore played an important role in shaping international conventional wisdom in the post-2008 period.||Type of material:||Book Chapter||Publisher:||Oxford University Press||Keywords:||Economic recession;Fiscal adjustment;Austerity||Language:||en||Status of Item:||Peer reviewed||Is part of:||Hood, C., Heald, D. and Himaz, R. (eds.). When the Party's Over: The Politics of Fiscal Squeeze in Perspective|
|Appears in Collections:||Politics and International Relations Research Collection|
Show full item record
This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.