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
Englisch

Bibliographic citation
Series: ESRI Working Paper ; No. 581

Classification
Wirtschaft
Fiscal Policy
National Budget; Budget Systems
Forecasts of Budgets, Deficits, and Debt
Subject
Cyclicality
Policy

Event
Geistige Schöpfung
(who)
Cronin, David
McQuinn, Kieran
Event
Veröffentlichung
(who)
The Economic and Social Research Institute (ESRI)
(where)
Dublin
(when)
2017

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Cronin, David
  • McQuinn, Kieran
  • The Economic and Social Research Institute (ESRI)

Time of origin

  • 2017

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