Modeling Moments of Crisis: The Case of Ireland

• Localización: Journal of Economic Issues, ISSN 0021-3624, Vol. 47, Nº. 2, 2013, págs. 561-566
• Idioma: inglés
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• Resumen

  • Ireland has experienced a series of interlocking banking, fiscal, unemployment, and political crises since 2007. We detail the challenges involved in modeling individual moments of the crisis through the lens of balance sheets and transactions matrices among sectors of the Irish society. We conclude with a series of recommendations for models of small open economies.