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Title: Economic adjustment within EMU: Ireland’s experience
Author: MacCoille, Conall
McCoy, Daniel
Keywords: European Monetary Union
Quantitative methods
Issue Date: 2002
Publisher: Economic & Social Research Institute
Citation: MacCoille, Conall; McCoy, Daniel. 'Economic adjustment within EMU: Ireland’s experience'. - Economic & Social Review, Vol. 33, No. 2, Summer/Autumn, 2002, pp. 179-193, Dublin: Economic & Social Research Institute
Abstract: This paper examines the contribution of Balassa-Samuelson (B-S) type effects to inflationary pressures in Ireland. Irish productivity measures are exaggerated by foreign multinationals engaged in high value-added activities. These measures suggest that high productivity in the traded sectors explain most of the inflation differential. Using adjusted measures to account for the multinational effect, shorter-term demand side factors become more significant in explaining the inflation differential. Domestic fiscal and incomes policies are therefore an important source of adjustment for the Irish economy within a monetary union.
ISSN: 00129984
Appears in Collections:Economic and Social Review Archive: Complete Collection 1969-
The Economic and Social Review, Vol. 33, No. 2, Summer/Autumn, 2002

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