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Managing a Century of Debt

FitzGerald, John and Kenny, Seán LU (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.
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author
organization
publishing date
type
Working Paper
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
2018-05-29 11:53:53
@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},
  keyword      = {public debt,debt sustainability,debt management,fiscal policy,Ireland,E62,H6,H63,N00,N14},
  language     = {eng},
  note         = {Working Paper},
  number       = {2018:171},
  pages        = {39},
  publisher    = {Department of Economic History, Lund University},
  series       = {Lund Papers in Economic History. General Issues},
  title        = {Managing a Century of Debt},
  year         = {2018},
}