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.
- Language
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Englisch
- Bibliographic citation
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Series: ESRI Working Paper ; No. 581
- Classification
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Wirtschaft
Fiscal Policy
National Budget; Budget Systems
Forecasts of Budgets, Deficits, and Debt
- Subject
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Cyclicality
Policy
- Event
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Geistige Schöpfung
- (who)
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Cronin, David
McQuinn, Kieran
- Event
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Veröffentlichung
- (who)
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The Economic and Social Research Institute (ESRI)
- (where)
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Dublin
- (when)
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2017
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Cronin, David
- McQuinn, Kieran
- The Economic and Social Research Institute (ESRI)
Time of origin
- 2017