The financial crisis and its aftermath: the case of Ireland

被引：0
作者：
van Aarle B. [1 ,2 ]
Tielens J. [3 ]
Van Hove J. [3 ]
机构：
[1] Faculty of Applied Economics, Hasselt University, Agoralaan C52, Diepenbeek
[2] Leuven Centre for Irish Studies and Vives, University of Leuven (KU Leuven), Leuven
[3] Center for Economic Studies (CES) and Leuven Centre for Irish Studies (LCIS), University of Leuven (KU Leuven), Naamsestraat 69, Leuven
来源：
International Economics and Economic Policy | 2015年 / 12卷 / 3期
关键词：
Financial sector bailouts; Fiscal policy and fiscal sustainability; Growth; Ireland;
D O I：
10.1007/s10368-014-0305-8
中图分类号：
学科分类号：
摘要：
This paper uses a stylized budgeting and growth framework to analyze the effects of various shocks on public finances and growth. The framework is applied to the case of Ireland, where recently these shocks have played an important role. Ireland was strongly affected by the global financial crisis and the collapse of a housing price bubble caused a deep recession and budgetary instability. We focus on the impacts of primary fiscal balance shocks, growth and interest rate shocks on budgetary sustainability and growth. A scenario analysis of budgetary adjustment in the short and medium run under alternative hypotheses is carried out to assess Irish fiscal sustainability and growth. © 2014, Springer-Verlag Berlin Heidelberg.
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收藏
页码：393 / 410
页数：17
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