In recent papers (1993a and b) we have focused on the role of expectations in influencing Irish interest rates during the EMS period. Here we examine the role of monetary policy actions more directly, and explore the relation between interest rates, on the one hand, and actions of the monetary...

The Macroeconomic Context and Appropriate Fiscal Stance for Budget 2002: The changing macroeconomic background in which Budget 2002 must be framed is set out. The appropriate stance for budgetary policy as the economy moves towards lower growth rates are assessed including consideration of the...