Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

Fiscal Policy for Recovery. ESRI WP326, October 2009

Fitz Gerald, John (2009) Fiscal Policy for Recovery. ESRI WP326, October 2009. [Working Paper]

[img] PDF - Published Version
Download (226Kb)


    A year ago, when the full impact of the financial crisis hit Ireland, it took some time for economists to assess what was happening and what were the full implications of the disaster. Economic forecasts were changing daily and the huge uncertainty about what was actually developing made policy-making exceptionally difficult. However, over the course of the winter and early spring economists came to understand what was happening in Ireland and the outside world somewhat better. In May, with colleagues in the ESRI, we published a paper (Bergin et al., 2009) which considered the possible paths to recovery for the Irish economy. This analysis suggested that the Irish economy, while suffering major permanent damage as a consequence of the recession, would return to a period of quite rapid growth once the world economy itself entered the recovery phase. At the time of publishing the recovery in the world economy was only a gleam in the economists’ eye. However, over the last six months there have been increasing signs of a return, if not to business as usual in the world economy, at least to limited growth.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Working Paper
    Subjects for non-EU documents: Countries > Ireland
    EU policies and themes > Policies & related activities > economic and financial affairs > fiscal policy
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Working Papers
    Depositing User: Alyssa McDonald
    Official EU Document: No
    Language: English
    Date Deposited: 13 Dec 2018 14:16
    Number of Pages: 32
    Last Modified: 13 Dec 2018 14:16

    Actions (login required)

    View Item

    Document Downloads