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Economic Problems of Ireland in Europe. THIRTY-FIRST GEARY LECTURE, 2000

Feldstein, Martin (2001) Economic Problems of Ireland in Europe. THIRTY-FIRST GEARY LECTURE, 2000. UNSPECIFIED.

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    Abstract: This paper uses the recent controversy between the European Union and the Irish Republic to discuss the more general relationship between the European Union, the EMU and the member countries. Despite outstanding economic growth and budget surpluses, heland has been criticised by the European Commission because it has reduced taxes in the context of a relatively high rate of inflation. The first part of the paper considers the ways in which the EMU is likely to affect inflation and cyclical unemployment in the member countries over the longer term. The second part deals more specifically with the current Irish situation and the reasons for an EU reprimand of a very small country. That part suggests that an alternative standard, based on the principle of "do no harm," would have lead to a different outcome. Finally, the paper describes a policy of creating investment-based personal retirement accounts that would allow Ireland to share its future budget surpluses with taxpayers in a way that does not contribute to inflationaW pressures

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    Item Type: Other
    Subjects for non-EU documents: Countries > Ireland
    EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Geary Lecture Series
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 23 Sep 2019 13:54
    Number of Pages: 82
    Last Modified: 23 Sep 2019 13:54

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