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Budget 2009. FFS/ESRI Budget Perspectives Conference, October 2008

Durkan, Joe (2008) Budget 2009. FFS/ESRI Budget Perspectives Conference, October 2008. UNSPECIFIED.

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    Since the recovery from the 1980’s depression the economy has performed extraordinarily well. However, during that period it experienced two growth cycles, in the early 1990’s and again in the early 2000’s, when output was well above and well below potential, but did not record negative growth. The economy is now in a further cycle, this time accompanied by negative growth. Fiscal policy throughout this whole period has been pro-cyclical, and this characteristic has accentuated the difficulties faced by policymakers in framing the budget for 2009 and future years. This paper looks at the origins and consequences of this approach and indicates the policy implications.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > budgets & financing
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Budget Perspectives
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 12 Sep 2019 13:06
    Number of Pages: 8
    Last Modified: 12 Sep 2019 13:06

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