This paper estimates a simple model of exchange rate policy where the Central Bank
optimises an objective function which takes into account competitiveness, its
commitment to the EMU and the cost of adjustment. We allow ...
Walsh, Brendan M.(University College Dublin. School of Economics, 1993-01-06)
As one of a set of policies designed to reduce inflation and interest rates to the levels prevailing in Germany the Irish pound has been stabilised in the Exchange Rate Mechanism (ERM) of the European Monetary System since ...
Walsh, Brendan M.(University College Dublin. School of Economics, 1995-03-02)
This paper examines the bahaviour of Irish exchange rates and interest rates over two periods, one immediately before, the other immediately after, the widening of the narrow band of the Exchange Rate Mechanism of the ...
Neary, J. Peter(University College Dublin. School of Economics, 2005-11-11)
This paper reviews alternative approaches to measuring an economy's cost competitiveness and proposes some new measures derived from the economic theory of index numbers. The indices provide a theoretical
benchmark for ...
Walsh, Brendan M.(University College Dublin. School of Economics, 1996-03)
This paper examines the Irish macroeconomic adjustment over the period since 1979
with particular reference to the interaction of the real exchange rate with the balance between national saving and investment. The transition ...
In a small open economy with fixed exchange rates, tandard theory suggests that domestic inflation and interest rates should equal those abroad. In a credible target zone, the same theories suggest that inflation and ...
The four papers in this symposium were originally presented at the Fifth Annual Economic Policy Conference of the Dublin Economics Workshop held in Killarney on October 15-17 1982 and are published together in this Policy ...