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Title: Fiscal adjustment in Ireland in the 1980s
Author: Honohan, Patrick
Keywords: Fiscal policy
Economic policy
Issue Date: 1992
Publisher: Economic & Social Research Institute
Citation: Honohan, Patrick. 'Fiscal adjustment in Ireland in the 1980s'. - Economic & Social Review, Vol. 23, No.3, April, 1992, pp. 285-314, Dublin: Economic & Social Research Institute
Abstract: We examine both the motivation for, and the overall dynamics of, fiscal adjustment from 1981 to 1991. Growing interest costs to meet an ever-expanding debt, combined with the impact of retrenchment on the welfare bill and several adverse exogenous shocks, made fiscal correction a nightmare in the early stages. The benefits of persistence came later with some reversal in all of these factors. In quantitative terms, governments relied much more on tax increases than on expenditure reductions. However, little was done to improve the incentive structure of the tax system. In contrast, some useful efficiency improvements may have been gained on the expenditure side.
ISSN: 00129984
Appears in Collections:Economic and Social Review Archive: Complete Collection 1969-
The Economic and Social Review, Vol. 23, No. 3, April, 1992

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