The real exchange rate, fiscal policy and the current account : interpreting recent Irish experience

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dc.contributor.author Walsh, Brendan M.
dc.date.accessioned 2011-06-14T15:55:27Z
dc.date.available 2011-06-14T15:55:27Z
dc.date.issued 1996-03
dc.identifier.uri http://hdl.handle.net/10197/2984
dc.description.abstract 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 from a large current account deficit to an exceptional surplus and the reversal of the growth in external indebtedness are discussed. The fact that a major reduction in absorption was achieved without a real exchange rate depreciation is attributed to a simultaneous reduction in investment spending relative to GDP and an improvement in the relative efficiency of the industrial exporting sectors. These factors are likely to continue to exert upward pressure on the Irish real exchange rate. en
dc.description.sponsorship Not applicable en
dc.format.extent 4162586 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. School of Economics en
dc.relation.ispartofseries UCD Centre for Economic Research Working Paper Series en
dc.relation.ispartofseries WP96-10 en
dc.subject Fiscal policy en
dc.subject Current account en
dc.subject Real exchange rates en
dc.subject.classification E65 en
dc.subject.classification F32 en
dc.subject.lcsh Ireland--Economic policy en
dc.subject.lcsh Balance of payments--Ireland en
dc.subject.lcsh Fiscal policy--Ireland en
dc.subject.lcsh Foreign exchange rates--Ireland en
dc.title The real exchange rate, fiscal policy and the current account : interpreting recent Irish experience en
dc.type Working Paper en
dc.internal.availability Full text available en
dc.status Not peer reviewed en
dc.neeo.contributor Walsh|Brendan M.|aut|UCD0036 en


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