Ireland and Greece
Ireland is often regarded as a success story for Eurozone austerity, compared to the total failure of Greece. That can lead to nonsense like this: instead of whingeing, the Greeks should buckle under and get on with it as Ireland has done. An alternative narrative is to explain the different experience of the two economies by looking at structural factors, as in these two examples.
Continue Reading http://mainlymacro.blogspot.com-
The Half-Lives of Others (Wonkish)
What about Ireland? That’s what some people have been asking me; they’re under the impression that Ireland is a success story for austerity, and that this success is somehow a refutation of the broadly Keynesian account of the economy I’ve been giving. So I guess some clarification is in order. -
Ireland's Rebound Is European Blarney
Everyone wants Ireland to be a good-news story, proof that a willingness to take the pain of prolonged austerity will be rewarded in the end. Ordinary citizens are hungry for some hope.
Join the Discussion