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From the viewpoint of the independence axiom of expected utility theory, an interesting empirical dynamic choice problem involves the presence of a 'global risk', that is, a chance of losing everything whichever safe or risky option is chosen. In this experimental study, participants have to...
Persistent link: https://www.econbiz.de/10005136625
intermediary, parameters of the information structure (precisions of public and private information), and the level of stress …
Persistent link: https://www.econbiz.de/10009147398
We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU is a significant determinant of inflation in a simple backward-looking Phillips Curve that incorporates import prices. While there is a break in 1979-80, when the link to...
Persistent link: https://www.econbiz.de/10011272719
The paper describes the insights which trade theory can provide into economic developments in Ireland during the 1930s … from tariffs to the so-called 'economic war' between Ireland and Britain (1932-8). The outcome tentatively supports the … claim that Ireland 'did not lose' this war. …
Persistent link: https://www.econbiz.de/10005662097
board experiences, namely that of Ireland. We review the institutional arrangements which underpinned the Irish pound for a …
Persistent link: https://www.econbiz.de/10005662121
The contrasting tariff regimes of Northern and Southern Ireland after 1932 must have influenced industrial structure …
Persistent link: https://www.econbiz.de/10005662419
In this paper we evaluate quantitatively the impact of mass emigration from Ireland between the 1850s and the first …, real wage growth in Ireland was respectable by international standards. We find econometric evidence of an inverse …
Persistent link: https://www.econbiz.de/10005666710
Following an account of the perceptions among Irish policy-makers since the second world war of the contribution of education to economic development, this paper examines the performance of the Irish economy in the framework of a model of exogenous growth incorporating human capital formation....
Persistent link: https://www.econbiz.de/10005666960
of family limitation strategies in Ireland a century ago. Regression analysis of the data shows evidence of `spacing' in … both urban and rural Ireland. Further analysis of the so-called `replacement' problem also produces results consistent with …
Persistent link: https://www.econbiz.de/10005789159
The paper reviews the economic performance of the Republic of Ireland since 1945. Its focus is comparative: Ireland … is found wanting. The comparison confirms that the 1950s were a particularly bleak decade for Ireland but, more … surprisingly, Ireland also performed less well than predicted by convergence criteria in both 1960-73 and 1973-88. The paper then …
Persistent link: https://www.econbiz.de/10005792010