Managing a Century of Debt
(2018) In Lund Papers in Economic History. General Issues- Abstract
- This paper provides a consistent series for the Irish national debt since the foundation of the state in 1922. It also provides a continuous series for bond yields over the same period. The paper examines the factors behind the fluctuations in the debt burden over almost a century. The management of the debt burden by the Irish authorities has evolved over time, seeking to minimise both the burden on the economy and the risks which the debt represented to the state. The paper also examines how the cost of borrowing for the Irish government compared to that for the UK and, since the break with sterling, for Germany. This cost of borrowing was, in turn affected by developments in the domestic economy.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/a1a57162-cc52-44c8-8ce3-299842693b9d
- author
- FitzGerald, John and Kenny, Seán LU
- organization
- publishing date
- 2018
- type
- Working paper/Preprint
- publication status
- published
- subject
- keywords
- public debt, debt sustainability, debt management, fiscal policy, Ireland, E62, H6, H63, N00, N14
- in
- Lund Papers in Economic History. General Issues
- issue
- 2018:171
- pages
- 39 pages
- publisher
- Department of Economic History, Lund University
- language
- English
- LU publication?
- yes
- id
- a1a57162-cc52-44c8-8ce3-299842693b9d
- date added to LUP
- 2018-02-05 14:54:10
- date last changed
- 2018-11-21 21:37:52
@misc{a1a57162-cc52-44c8-8ce3-299842693b9d, abstract = {{This paper provides a consistent series for the Irish national debt since the foundation of the state in 1922. It also provides a continuous series for bond yields over the same period. The paper examines the factors behind the fluctuations in the debt burden over almost a century. The management of the debt burden by the Irish authorities has evolved over time, seeking to minimise both the burden on the economy and the risks which the debt represented to the state. The paper also examines how the cost of borrowing for the Irish government compared to that for the UK and, since the break with sterling, for Germany. This cost of borrowing was, in turn affected by developments in the domestic economy.}}, author = {{FitzGerald, John and Kenny, Seán}}, keywords = {{public debt; debt sustainability; debt management; fiscal policy; Ireland; E62; H6; H63; N00; N14}}, language = {{eng}}, note = {{Working Paper}}, number = {{2018:171}}, publisher = {{Department of Economic History, Lund University}}, series = {{Lund Papers in Economic History. General Issues}}, title = {{Managing a Century of Debt}}, url = {{https://lup.lub.lu.se/search/files/38130220/LUP_171.pdf}}, year = {{2018}}, }