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The Cyclical Conduct of Irish Fiscal Policy

Agustin S. Benetrix, Trinity College Dublin
Philip R. Lane, Trinity College Dublin and CEPR

IIIS Discussion Paper No. 374


Abstract
This paper provides an overview of the cyclical conduct of fiscal policy in Ireland both before and during the crisis. It shows that fiscal policy has been procyclical, with financial shocks amplifying the fiscal cycle. In addition, it highlights the importance of institutional reform and outlines the case for a formal fiscal framework.

 

 


Last updated 28 August 2014 by IIIS (Email).