The Impact of Government Spending Shocks on The Irish Economy
This is joint work with Philip Lane.
Abstract: We study the short-run effects of shocks to government spending on Ireland’s output and its real exchange rate. We show that the impact of government spending shocks critically depend on the nature of the fiscal innovation. Our main finding is that there are important differences between shocks to public investment and shocks to government consumption. Moreover, within the latter category, shocks to the wage and non-wage components also have dissimilar effects.
This paper is published in The Economic and Social Review 40(4): 407-434. It can be downloaded from here.
Categories: Fiscal Policy, Irish Economy
Comments (0)
Trackbacks (0)
Leave a comment
Trackback
From The Irish Economy blog
- Tenure Status in Census 2022
- Are all economists just focused on growth?
- Revenue Annual Report and Research Papers
- Speech by President Higgins at a Reception for TASC (Think-Tank for Action on Social Change)
- National Income: 2 – From Production Value to Added Value – Getting to GDP
- Irish Economic Association Annual Conference 2023 (Updated)
- National Income: 1 – From Turnover to Production Value
- Professor Christopher Whelan, RIP
- Barrington Prize, 2022/2023
- Online Event: Reconstructing the Economy of Ukraine
Agustín Bénétrix 