Tagged with: pro-cyclical policies
Pro-cyclical economics
Slí Eile 20/08/2009
Slí Eile: Today's excellent article by Michael O'Sullivan in the Irish Times (Crash may offer chance of a 'Second Republic') raises an interesting point: In an economy that is expanding too quickly, the normal approach is to try to slow it down; and when it is contracting, the typical response is to support or even stimulate it. In the early …
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Paul Sweeney is former Chief Economist of the Irish Congress of Trade Unions. He was a …
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