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Please use this identifier to cite or link to this item: http://hdl.handle.net/2262/58725

Title: Policy lessons from Ireland’s latest Depression
Author: Whelan, Karl
Keywords: Economic performance
Economic policy
Ireland
Global economic crisis
Issue Date: 2010
Publisher: Economic & Social Research Institute
Citation: Whelan, Karl. 'Policy lessons from Ireland’s latest Depression'. - Economic & Social Review, Vol. 41, No. 2, Summer, 2010, pp. 225–254, Dublin: Economic & Social Research Institute
Abstract: This paper provides a selective review of Ireland’s economic performance of the last 20 years, from the early days of the Celtic Tiger, through to the housing boom and the recent slump, and then attempts to draw a few lessons from the period. The paper argues, based on a range of observations, that a substantial slowdown was looming for Ireland by 2007, independent of what was going to happen in the global economy, and much of this evidence was ignored in the implementation of economic policy. The result was a range of policies based on an unwarranted over-optimism which left Ireland terribly exposed to the international downturn. Policy failures in the fiscal and banking sectors are discussed, as well as some common criticisms of policy that have less justification.
URI: http://hdl.handle.net/2262/58725
ISSN: 00129984
Appears in Collections:The Economic and Social Review, Vol. 41, No. 2, Summer, 2010
Economic and Social Review Archive: Complete Collection 1969-

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