The Irish Macroeconomic Crisis of 1955-56: How Much Was Due to Monetary Policy
Patrick Honohan () and
Cormac Ó Gráda ()
Working Papers from College Dublin, Department of Political Economy-
The macroeconomic crisis of 1955-56 was the defining event of post-war Irish economic history. What had been an underperforming economy slid into deep recession for reasons which were poorly understood. The long-term consequences were considerable: the reorientation of economic policy that resulted led to the restructuring and expansion of manufacturing on the basis of tax- and grant-aided foreign direct investment to a degree which today continues to be unparalleled.
Keywords: IRELAND; MONETARY POLICY; BUSINESS CYCLES (search for similar items in EconPapers)
JEL-codes: E32 E52 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Working Paper: The Irish macroeconomic crisis of 1955-56: how much was due to monetary policy (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fth:dublec:98/09
Access Statistics for this paper
More papers in Working Papers from College Dublin, Department of Political Economy- Ireland; University College Dublin, Department of Political Economy, Centre for Economic Research, Belfield, Dublin 4. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().