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Fiscal Adjustment and Disinflation in Ireland: Setting the Macro Basis of Economic Recovery and Expansion

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Understanding Ireland’s Economic Growth

Abstract

In a few short years in the latter half of the 1980s Ireland moved from a position of near-bankruptcy in the fiscal accounts to near balance. The improvement was sustained: having jumped to over 120 per cent in 1987, a decade later the debt-to-GDP ratio had fallen by almost one-half, and promised to slip below the demanding Maastricht target of 60 per cent by the start of EMU in 1999.

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Authors
  1. Patrick Honohan
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Editor information

Editors and Affiliations

  1. Department of Economics, University College Dublin, Ireland

    Frank Barry (Senior Lecturer in Economics) (Senior Lecturer in Economics)

Copyright information

© 1999 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Honohan, P. (1999). Fiscal Adjustment and Disinflation in Ireland: Setting the Macro Basis of Economic Recovery and Expansion. In: Barry, F. (eds) Understanding Ireland’s Economic Growth. Palgrave Macmillan, London. https://doi.org/10.1057/9780333985052_5

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