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Unemployment and Fiscal Activism in a Small Open Economy

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Book cover Unemployment in Europe
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Abstract

An endemically high rate of unemployment has always been one of the most pressing problems facing policy-makers in Ireland. Since 1980 the unemployment rate has risen inexorably, as illustrated in Figure 14.1. Furthermore, on the basis of the most recent medium-term projections to 1990 (Bacon, 1986) the unemployment rate is set to continue to rise, albeit at a much slower rate, to over 18 per cent of the labour force. This more recent rise in unemployment is, of course, a phenomenon not confined to Ireland, but shared, in one form or another, by many other European economies.

The Economic & Social Research Institute. I am indebted to my ESRI colleague, John Fitzgerald, for collaboration on some of the work described in this paper.

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© 1989 Joan Muysken and Chris de Neubourg

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Bradley, J. (1989). Unemployment and Fiscal Activism in a Small Open Economy. In: Muysken, J., de Neubourg, C. (eds) Unemployment in Europe. Palgrave Macmillan, New York. https://doi.org/10.1007/978-1-349-19795-8_21

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