Using the 2008-09 Global financial crisis and the 2012 Euro area sovereign debt crisis as natural experiments, we investigate the effects of contractions in credit supply on R&D spending in a large sample of European firms. ...

Policy makers and the body politic have a strong interest in ensuring that the tax transfer system functions well. This common interest in policies that are efficient in achieving their objectives ? including economic ...

As the economy boomed in the early 2000s, income tax rates were reduced, tax credits were increased and the standard rate band was widened. With the onset of the crisis in 2007-2008, and the collapse of revenues from capital ...

Understanding the role of banks in cross-border finance has become an urgent priority. Cross-border banks have played a central role in the dynamics of the global crisis of 2007-2009. First, European banks had a ...

This paper first considers the origins of the Irish economic crisis. It discusses where the policy failures occurred, to what extent they were foreseeable, and how certain key financial institutions performed in the run ...

This paper examines the effect of human capital on the growth of ICT-intensive industries using data from a sample of open economies over the period 1980-1999. Our econometric analysis suggest that value added and employment ...

Simon Wren-Lewis’s chapter in this volume outlines a general theory of austerity. Underpinning it is a desire for policymakers – as well as the social sciences – to learn from the experience of austerity over the last ...

Competition authorities typically issue Merger Guidelines setting out the framework within which merger assessment is conducted. Ireland is no exception. The Competition Authority is currently in the process of revising ...