Master Thesis in Economics: An examination of fiscal contraction in an open economy with fiscal and monetary restrictions, the case of Ireland
Master Thesis in Economics: An examination of fiscal contraction in an open economy with fiscal and monetary restrictions, the case of Ireland
An important theory that should be acknowledged by Irish fiscal decision makers(which the author found in the secondary research and was able to support through their primary research) is that the raising of taxes has a more profoundly negative effect on an economy than cuts made to government expenditure. In the conclusion, the researcher recognises the many adverse socio-political effects re-sulting from austerity- but highlights there are indications to show that austerity is being effective,