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Ireland's Balance Sheet Recession

 28/12/2011 |  Stephen |  General |  

I've been banging on about Ireland being in a balance sheet recession for some time. Richard Koo's latest paper in Real World Economic Review (.pdf) has some really interesting charts, including one on Ireland's balance sheet recession, which is here.

4 Responses to “Ireland's Balance Sheet Recession”

  1. Tradalai
    29/12/2011 at 2:28 pm

    Interesting. I would like to see Stephen comment or summarise his comments on this. Is it wise for Govt to make up the speding shortfall while ignoring the payments defecit. In my opinion Ireland needs to drastically reduce the defecit (by cutting welfare, health and public pay/pentions) and then spending on area that will produce a return (jobs and money). Speding without plugging the gaps is not enough - yes ideally cuts should be made in times of growth

  2. Mark Wadsworth
    30/12/2011 at 4:07 pm

    Hi Stephen, I'm a Land Value Taxer in England and I gave you a mention on my blog.

  3. Stephen
    09/01/2012 at 10:52 am

    Thanks Mark!

  4. Stephen
    09/01/2012 at 10:53 am

    Apologies, just saw this--there's an excellent discussion over at irisheconomy.ie on this subject.

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