Economics at your fingertips  

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-

Abstract: 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)
Pages: 31 pages
Date: 1998
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.

Related works:
Working Paper: The Irish macroeconomic crisis of 1955-56: how much was due to monetary policy (1998) Downloads
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:

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 ().

Page updated 2020-02-06
Handle: RePEc:fth:dublec:98/09