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Title: Comment on "Dangers for Ireland of an EMU without the UK: some calibration results" by Frank Barry
Author: FitzGerald, John D.
Barry, Frank
Keywords: European Monetary Union
Irish economy
Issue Date: 1998
Publisher: Economic & Social Research Institute
Citation: FitzGerald, John. 'Comment on "Dangers for Ireland of an EMU without the UK: some calibration results" by Frank Barry'. - Economic & Social Review, Vol. 29, No.1, January, 1998, pp. 99-102. Dublin: Economic & Social Research Institute
Abstract: In the October 1997 issue of this journal Barry set out a simple model of the Irish economy. The model was designed to quantify the possible effects on Ireland of sterling weakness, where Ireland is a member of the EMU and the UK remains outside. In calibrating this model Barry made extensive use of a range of research on the supply side of the economy undertaken over the past decade in the ESRI. Within his model he examined the possible effects on the economy of EMU membership where wages are slower to adjust to exchange rate shocks in a downward direction than in an upward direction. As he points out in his article, in a period of low inflation this possibility, if realised, would increase the cost of a major fall in sterling.
ISSN: 00129984
Appears in Collections:Economic and Social Review Archive: Complete Collection 1969-
The Economic and Social Review, Vol. 29, No. 1, January, 1998

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