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Fiscal Adjustment and Disinflation in Ireland: Setting the Macro Basis of Economic Recovery and Expansion

In: Understanding Ireland’s Economic Growth

Author

Listed:
  • Patrick Honohan

Abstract

In a few short years in the latter half of the 1980s Ireland moved from a position of near-bankruptcy in the fiscal accounts to near balance. The improvement was sustained: having jumped to over 120 per cent in 1987, a decade later the debt-to-GDP ratio had fallen by almost one-half, and promised to slip below the demanding Maastricht target of 60 per cent by the start of EMU in 1999.

Suggested Citation

  • Patrick Honohan, 1999. "Fiscal Adjustment and Disinflation in Ireland: Setting the Macro Basis of Economic Recovery and Expansion," Palgrave Macmillan Books, in: Frank Barry (ed.), Understanding Ireland’s Economic Growth, chapter 4, pages 75-98, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-333-98505-2_5
    DOI: 10.1057/9780333985052_5
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    Citations

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    Cited by:

    1. Duffy, David & Hore, Jonathan & MacCoille, Conall & McCoy, Daniel, 2001. "Budget 2002: Macroeconomic Context and Fiscal Stance," Papers BP2002/1, Economic and Social Research Institute (ESRI).
    2. G rg, H & Ruane, F, 1999. "European Integration and Peripherality: Are There Lessons from Ireland," Trinity Economics Papers 9910, Trinity College Dublin, Department of Economics.
    3. John FitzGerald & Philip Lane, 2016. "Fiscal Policy and Financial Distress: A Balance Sheet Perspective," Trinity Economics Papers tep0216, Trinity College Dublin, Department of Economics.
    4. Kearney, Ide & McCoy, Daniel & Duffy, David & McMahon, Michael & Smyth, Diarmaid, 2000. "Assessing the Stance of Irish Fiscal Policy," Papers BP2001/1, Economic and Social Research Institute (ESRI).
    5. Brendan M. Walsh, 2003. "Taxation and foreign direct investment in Ireland," Open Access publications 10197/1602, School of Economics, University College Dublin.
    6. Sebastian Hauptmeier & Martin Heipertz & Ludger Schuknecht, 2007. "Expenditure Reform in Industrialised Countries: A Case-Study Approach," Fiscal Studies, Institute for Fiscal Studies, vol. 28(3), pages 293-342, September.
    7. Cormac Ó Gráda, 2002. "Is the celtic tiger a paper tiger?," Open Access publications 10197/434, School of Economics, University College Dublin.
    8. repec:esr:chaptr:jacb200010 is not listed on IDEAS
    9. repec:esr:chaptr:jacb200113 is not listed on IDEAS
    10. International Monetary Fund, 2004. "Bulgaria: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2004/177, International Monetary Fund.
    11. FitzGerald, John & Kenny, Seán, 2018. "Managing a Century of Debt," Lund Papers in Economic History 171, Lund University, Department of Economic History.
    12. Eoin O'Malley, 2012. "A Survey of Explanations for the Celtic Tiger Boom," The Institute for International Integration Studies Discussion Paper Series iiisdp417, IIIS.
    13. Callan, Tim & Keeney, Mary J. & Nolan, Brian & Walsh, John R., 2001. "Reforming Tax and Welfare," Research Series, Economic and Social Research Institute (ESRI), number PRS42.
    14. International Monetary Fund, 2004. "Ireland: Selected Issues," IMF Staff Country Reports 2004/349, International Monetary Fund.

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