Arbeitspapier
The cyclicality of Irish fiscal policy ex-ante and ex-post: A cross-country examination
The cyclicality of fiscal policy in Ireland in the budgetary plans put before parliament and ex-post is considered. Data in budgetary documents and particular econometric estimation procedures help address endogeneity issues and provide numerous variable-estimation procedure combinations for assessing cyclicality. Fiscal policy in Ireland is found to be procyclical on both ex-ante and ex-post bases. The evidence is mixed between policy being more pro-cyclical ex-post than was intended at Budget time and there being no difference. With the preventive arm of the Stability and Growth Pact now applying to Ireland, a continuation of procyclical fiscal policy would endanger its requirements being met.
- Sprache
-
Englisch
- Erschienen in
-
Series: ESRI Working Paper ; No. 581
- Klassifikation
-
Wirtschaft
Fiscal Policy
National Budget; Budget Systems
Forecasts of Budgets, Deficits, and Debt
- Thema
-
Cyclicality
Policy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cronin, David
McQuinn, Kieran
- Ereignis
-
Veröffentlichung
- (wer)
-
The Economic and Social Research Institute (ESRI)
- (wo)
-
Dublin
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Cronin, David
- McQuinn, Kieran
- The Economic and Social Research Institute (ESRI)
Entstanden
- 2017
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