FitzGerald, John (2013) The Impact of Fiscal Policy on the Economy. ESRI Research Notes 2013/3/1. UNSPECIFIED.
Abstract
Since 2008 there has been a series of very tough Budgets, which took a large amount of money out of the economy. While these measures were essential to restore order to the public finances, the contractionary impact of these measures on the wider economy was very severe. The impact on the economy of the fiscal policy measures taken over the period 2008 to 2012 has been analysed in Kearney (2012). The cumulative impact of recent budgets was also considered in FitzGerald and Kearney (2013). Here we apply the same methodology to estimate the likely impact of the 2013 and 2014 Budgets on the economy.
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