The near-death experience of the Celtic Tiger: a model-driven narrative from the European sovereign debt crisis
"We narrate Ireland’s recent odyssey from the pride and envy of Europe to kneeling supplicant through the eyes of an econometric model of the government bond market. The exercise suggests that, in essence, two developments triggered and propelled Ireland’s drift towards sovereign default: first...
| Main Authors: | , , |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
St Gallen
2013
University of St.Gallen |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19123906124919411889-The-near-death-experience-of-t.htm |
| _version_ | 1771659899229437953 |
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| author | Gärtner, Manfred Griesbach, Björn Mennillo, Giulia |
| author_facet | Gärtner, Manfred Griesbach, Björn Mennillo, Giulia |
| collection | Library items |
| description | "We narrate Ireland’s recent odyssey from the pride and envy of Europe to kneeling supplicant through the eyes of an econometric model of the government bond market. The exercise suggests that, in essence, two developments triggered and propelled Ireland’s drift towards sovereign default: first, the global financial crisis that drove Ireland into a severe recession with collapsing tax revenues and increasing unemployment; second, a gap between the post-2007 increase in sovereign default risk that can actually be linked to macroeconomic fundamentals and the much bigger increase in perceived risk reflected by high interest rates and communicated by the massive downgrades of Ireland’s sovereign debt rating." |
| format | TEXT |
| geographic | EU countries |
| id | 19123906124919411889_f88dc5493d6d47c48230a4f12c25696e |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19123906124919411889_f88dc5493d6d47c48230a4f12c25696e |
| is_hierarchy_title | The near-death experience of the Celtic Tiger: a model-driven narrative from the European sovereign debt crisis |
| language | English |
| physical | 19 p. Digital |
| publishDate | 2013 |
| publisher | St Gallen University of St.Gallen |
| spellingShingle | Gärtner, Manfred Griesbach, Björn Mennillo, Giulia decision making economic recession EU policy European integration public debt The near-death experience of the Celtic Tiger: a model-driven narrative from the European sovereign debt crisis |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=100029192820 |
| title | The near-death experience of the Celtic Tiger: a model-driven narrative from the European sovereign debt crisis |
| topic | decision making economic recession EU policy European integration public debt |
| url | https://www.labourline.org/KENTIKA-19123906124919411889-The-near-death-experience-of-t.htm |