This book seeks to understand why almost all commentators on the Irish economy were unprepared for the scale of the recent economic crisis. It analyses the public contributions from a broad range of observers, including domestic and international agencies, academics, the newspapers and politicians. This approach gives new insights into the analytical and institutional shortfalls that inhibited observers from recognising the degree of the risk. The book demonstrates that most commentators were either impeded in what they could say, or else lacked the expertise to challenge the prevailing view. The findings have significant implications for a broad range of institutions, particularly the media and the Oireachtas (the Irish Parliament). Ciarán Casey is a specialist in modern Irish history and political economy. He has previously worked as a researcher in both the International Development and technology sectors.

Auteur
Ciarán Casey is a specialist in modern Irish history and political economy. He has previously worked as a researcher in both the International Development and technology sectors.

Contenu
Chapter 1: Introduction

Chapter 2: An Irish Depression1. What Happened to Ireland?i) The Credit Boomii) The Property and Construction Boomiii) Fiscal Policyiv) Competitiveness2. International Context and EMU3. The Banking and Wright Reports4. Theoretical and Ideological Explanations5. The History of Asset Bubbles and Financial Crises6. Behavioural Explanations7. Political and Institutional Explanationsi) Banking and Bank Regulationii) Politics and Fiscal Policy8. PredictionConclusion
Chapter 3: International OrganisationsIntroduction1. Competitiveness2. Property and Construction3. The Financial Sector4. Fiscal PolicyConclusion
Chapter 4: Domestic OrganisationsIntroduction1.Property and Construction2.Fiscal Policy3.Competitiveness4.The Financial SectorConclusion
Chapter 5: AcademiaIntroduction1. Institutional Context2. Origins and Interpretations of the Celtic Tiger3. Competitiveness and Fiscal Policy4. Property and Construction5. Finance6. PredictionsConclusion

Chapter 6: The NewspapersIntroduction1. The Propaganda Model and the Mercille Application2. Experts3. Property and Constructioni) The Irish Timesii) The Irish Independentiii) David McWilliamsiv) 'The Ireland that We Dreamed Of'v) The Economistvi) Nominal Price Falls, Advice to Individuals,and Internal Expertise4. The Financial Sector5. Competitiveness and Inflation6. Fiscal PolicyConclusion
Chapter 7: Politics1. Irish Politics in the 21st Century2. Fianna Fáil and the PDs3. Inflation and Fiscal Policy4. Property and Construction5. Intergenerational Aspects and the Kenny Report6. The Financial SectorConclusion
Chapter 8: Conclusion