John Fitz Gerald
Economic and Social Research Institute
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Featured researches published by John Fitz Gerald.
National Institute Economic Review | 2010
Thomas Conefrey; John Fitz Gerald
With the advent of EMU, monetary policy can no longer be used to prevent housing market bubbles in regional economies such as Ireland or Spain. However, fiscal policy can and should be used to achieve the same effect. This paper shows that the advent of EMU relaxed existing financial constraints in Ireland and Spain, allowing a more rapid expansion of the housing stock in those countries to meet their specific demographic circumstances. However, the failure to prevent these booms turning into bubbles did lasting damage to the two economies, damage that could have been avoided by more appropriate fiscal policy action.
Journal of Environmental Planning and Management | 2013
Thomas Conefrey; John Fitz Gerald; Laura Malaguzzi Valeri; Richard S.J. Tol
This paper analyses the medium-term effects of a carbon tax on growth and CO2 emissions in Ireland, a small open economy. We find that a double dividend exists if the carbon tax revenue is recycled through reduced income taxes. If the revenue is recycled by giving a lump-sum transfer to households, a double dividend is unlikely. We also determine that a greater incidence of the carbon tax falls on capital than on labour. When combined with a decrease in income tax, there is a clear shift of the tax burden from labour to capital. Finally, most of the effect on the economy is due to changes in the competitiveness of the manufacturing and market services sectors.
Economic Modelling | 1993
John Bradley; John Fitz Gerald; Ide Kearney
Abstract An extended version of the Morrison restricted cost function is applied to an analysis of the supply side in an open economy (Ireland). Production location is a decision variable for firms supplying a world market. Firms choose the location of production and then the factor mix within each country. Long-run demand elasticities are calculated permitting output in individual countries, as well as the quasifixed factor capital, to adjust to their optimal level. When allowance is made for the possibility of changing the location of production, the elasticity of demand for domestic production factors is found to be high.
European Planning Studies | 1998
John Fitz Gerald
Abstract The EU structural funds played a minor, though important, role in the rapid convergence of Irish living standards to the EU level in the 1990s. As well as their direct impact, the funds had a beneficial effect on public administration, particularly in encouraging evaluation of results. Part of the reason for the Irish success story was the priority given to investment in human capital and physical infrastructure. For the future, the principle of additionality of national expenditure should be reconsidered and some changes in the administration of the transfers could be beneficial.
The World Economy | 2001
John Fitz Gerald
This paper first considers the dilemma facing the ECB itself in managing the eurozone economy. It then turns to the issues facing individual governments in managing their own regional economies within the euro zone - in particular the issues facing the Irish government. We first consider the extent to which individual governments should be concerned about deviations in domestic inflation rates from the average euro zone rate. We identify significant benefits to EMU membership but also a cost in the reduction in the ability to control pressures on domestic property markets. Finally, this paper does not consider the problems facing regions of national economies that have very little fiscal autonomy. With the exception of the Northern Ireland Economic Councils study (Bradley, 1998), this issue has to date received little attention in the literature.
Archive | 1991
John Bradley; John Fitz Gerald; Daniel McCoy
Oxford Review of Economic Policy | 2009
Seán Diffney; John Fitz Gerald; Sean Lyons; Laura Malaguzzi Valeri
Economic Modelling | 2011
Thomas Conefrey; John Fitz Gerald
European Economic Review | 1990
John Bradley; John Fitz Gerald
Archive | 2011
Conor Devitt; Seán Diffney; John Fitz Gerald; Laura Malaguzzi Valeri; Aidan Tuohy