Ireland not an austerity role model ...

Michael Burke28/11/2011

Michael Burke: This is an interesting piece from Martin Knijbbe on Ireland as a poster-boy for 'austerity' measures. In response to an article from Jurgen Stark extolling Ireland's export-led recovery, he examines that actual trends in the trade balances of key EU economies currently as well as the growth of both imports and exports. Stark remains a member of the board of the ECB for the time being and argues that 'internal devaluation', wage cuts are responsible for Irish export-led growth. This piece, which originarly appeared on Real World Economics, challenges each of those assumptions.

Tagged with:


Share:



Comments

Newsletter Sign Up  

Categories

Contributors

Shana Cohen

Dr. Shana Cohen is the Director of TASC. She studied at Princeton University and at the …

Jim Stewart

Dr Jim Stewart is Adjunct Associate Professor at Trinity College Dublin. His research …

Vic Duggan

Vic Duggan is an independent consultant, economist and public policy specialist catering …



Podcasts