A new fiscal framework for Ireland
Item Type:Journal Article
Citation:Lane, Philip R. 'A new fiscal framework for Ireland'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland ,Vol.XXXIX, pp144-165
lane 09-10 pp144-165.pdf (Published (publisher's copy) - Peer Reviewed) 258.3Kb
Pro-cyclicality in Irish fiscal policy has contributed to macroeconomic volatility over recent decades. Accordingly, this paper seeks to identify institutional mechanisms that can improve the performance of fiscal policy in macroeconomic stabilisation in Ireland. We propose a new fiscal framework for Ireland that combines the adoption of a rules-based approach to budgetary policy with the appointment of an independent fiscal policy council that will be formally involved in the fiscal process. Finally, we also advocate a set of ancillary reforms that will further improve the coherence of Irish fiscal policy with membership of European Monetary Union.
Description:(read before the Society, 11 February 2010)
Author: Lane, Philip R.
Publisher:Statistical and Social Inquiry Society of Ireland
Type of material:Journal Article
Series/Report no:Journal of the Statistical and Social Inquiry Society of Ireland;
Vol. 39, 2010;
Availability:Full text available