Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/174314
Authors: 
Cronin, David
McQuinn, Kieran
Year of Publication: 
2017
Series/Report no.: 
ESRI Working Paper 581
Abstract: 
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.
Subjects: 
Cyclicality
Policy
JEL: 
E62
H61
H68
Document Type: 
Working Paper

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