Governing the Irish Economy : a Triple Crisis
Dellepiane Avellaneda, Sebastian and Hardiman, Niamh; Hardiman, Niamh, ed. (2011) Governing the Irish Economy : a Triple Crisis. In: Irish Governance in Crisis. Manchester University Press, Manchester. ISBN 978-0-7190-8223-8
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Abstract
The international economic crisis hit Ireland hard from 2007 on. Ireland’s membership of the Euro had a significant effect on the policy configuration in the run-up to the crisis, as this had shaped credit availability, bank incentives, fiscal priorities, and wage bargaining practices in a variety of ways. But domestic political choices shaped the terms on which Ireland experienced the crisis. The prior configuration of domestic policy choices, the structure of decision-making, and the influence of organized interests over government, all play a vital role in explaining the scale and severity of crisis. Indeed, this paper argues that Ireland has had to manage not one economic crisis but three – financial, fiscal, and competitiveness. Initial recourse to the orthodox strategies of spending cuts and cost containment did not contain the spread of the crisis, and in November 2010 Ireland entered an EU‐IMF loan agreement. This paper outlines the pathways to this outcome.
ORCID iDs
Dellepiane Avellaneda, Sebastian ORCID: https://orcid.org/0000-0003-0318-8611 and Hardiman, Niamh; Hardiman, Niamh-
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Item type: Book Section ID code: 66317 Dates: DateEvent31 December 2011PublishedSubjects: Social Sciences > Economic Theory Department: Faculty of Humanities and Social Sciences (HaSS) > Government and Public Policy > Politics Depositing user: Pure Administrator Date deposited: 10 Dec 2018 15:49 Last modified: 11 Nov 2024 14:56 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/66317