Journal Article


Karl Whelan



policy ireland celtic tiger depression economic policy global economic crisis economic performance global economy ireland

Policy lessons from Ireland?s latest Depression (2010)

Abstract This paper provides a selective review of Ireland?s economic performance of the last 20 years, from the early days of the Celtic Tiger, through to the housing boom and the recent slump, and then attempts to draw a few lessons from the period. The paper argues, based on a range of observations, that a substantial slowdown was looming for Ireland by 2007, independent of what was going to happen in the global economy, and much of this evidence was ignored in the implementation of economic policy. The result was a range of policies based on an unwarranted over-optimism which left Ireland terribly exposed to the international downturn. Policy failures in the fiscal and banking sectors are discussed, as well as some common criticisms of policy that have less justification.
Collections Ireland -> Trinity College Dublin -> Economic and Social Review
Ireland -> Trinity College Dublin -> The Economic and Social Review, Vol. 41, No. 2, Summer, 2010
Ireland -> Trinity College Dublin -> Economic and Social Review Archive: Complete Collection 1969-

Full list of authors on original publication

Karl Whelan

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Karl Whelan
University College Dublin
Total Publications: 70