This article argues that the cost increasing, supply side approach cannot adequately explain the current Irish inflation. It suggests that the correct model is one that is based on excess demand fuelled by continuing economic growth and demand-side shocks, including nominal exchange rate...

This article reviews the transformation of the Irish economy since the early 1980s. Credit for the initial stabilisation of the economy is given to the shock therapy of cutting expenditure, favourable exchange rate and other external developments. Possible explanations of the higer rate of...

This paper argues that centralised bargaining as practiced in Ireland added to wage inflationary pressure as: the focus of centralised bargaining was the preservation of good industrial relations; the processs of wage negotiation was heavily politicised; and, the system evolved into a two-tier...