Understanding Ireland's Economic Crisis and Its Aftermath

6 Pages Posted: 23 Nov 2016

See all articles by Tom McDonnell

Tom McDonnell

Nevin Economic Research Institute (NERI)

Date Written: October 23, 2016

Abstract

This policy brief analyses Ireland's economic recovery and concludes that the narrative about fiscal austerity and internal devaluation producing an Irish growth miracle is simplistic and misleading. The author proves that the Irish economy's strong growth performance since mid-2014 can be attributed to a confluence of internal and external factors that have cumulatively added strong tailwinds to growth.

Keywords: economic recession; economic recovery; economic indicator; monetary policy; devaluation; employment; wages; trade; price; Ireland

Suggested Citation

McDonnell, Tom, Understanding Ireland's Economic Crisis and Its Aftermath (October 23, 2016). ETUI Research Paper - Policy Brief 6/2016, Available at SSRN: https://ssrn.com/abstract=2874806 or http://dx.doi.org/10.2139/ssrn.2874806

Tom McDonnell (Contact Author)

Nevin Economic Research Institute (NERI) ( email )

31-32 Parnell Square
Dublin 1
Ireland

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