Managing an Economy Under EMU: The Case of Ireland

John Fitzgerald (), David Duffy and Diarmaid Smyth

No WP127, Papers from Economic and Social Research Institute (ESRI)

Abstract: This paper first considers the dilemma facing the ECB itself in managing the eurozone economy. It then turns to the issues facing individual governments in managing their own regional economies within the euro zone - in particular the issues facing the Irish government. We first consider the extent to which individual governments should be concerned about deviations in domestic inflation rates from the average euro zone rate. We identify significant benefits to EMU membership but also a cost in the reduction in the ability to control pressures on domestic property markets. Finally, this paper does not consider the problems facing regions of national economies that have very little fiscal autonomy. With the exception of the Northern Ireland Economic Councils study (Bradley, 1998), this issue has to date received little attention in the literature.

Pages: 27 pages
Date: 2000-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://www.esri.ie/pubs/WP127.pdf First version, 2000 (application/pdf)

Related works:
Journal Article: Managing an Economy Under EMU: The Case of Ireland (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:esr:wpaper:wp127

Access Statistics for this paper

More papers in Papers from Economic and Social Research Institute (ESRI) Contact information at EDIRC.
Bibliographic data for series maintained by Sarah Burns ().