During 2007-2010, I am leading an IRCHSS
thematic research project "An Analysis of the Impact of European
Monetary Union on Irish Macroeconomic Policy".
During 2007-2008, the research team also included a post-doctoral
research fellow Vahagn
and TCD PhD
students Agustin Benetrix and Martin Schmitz.
During 2008-2009, Vahagn Galstyan has moved on to a lectureship in
economics at TCD but remains part of the team. Agustin Benetrix is the
research fellow for 2008-2009, while the PhD students working on the
project are Christiane Hellmanzik and Peter McQuade.
During 2009-2010, Agustin Benetrix has now moved on to an
IRCHSS postdoctoral fellowship. The PhD students working on the
project are Christiane Hellmanzik, Peter McQuade and Donal Mullins.
The first publication from this project is "Fiscal
Policy for a Slowing Economy
", which was published by the ESRI
in its Budget Perspectives 2008
volume. I have written a summary of this paper for the RGE European
In July 2008, we have released a new research paper under this project:
Composition of Government Spending and the Real Exchange Rate
(IIIS Discussion Paper No. 257 by Vahagn Galstyan and Philip R.
Lane). This paper was presented at the 2009 Royal Economic
Society Conference in April 2009 and the European Economics Association
Annual Congress in Barcelona in August 2009. A revised version
2008) is available here
This paper has now been published in the September 2009 issue of the
Journal of Money, Credit and Banking.
In October 2008, I presented a paper "Setting
a Course for Irish Fiscal Policy
" to the ESRI Budget
Perspectives 2009 conference.
In December 2008, we have released a new research paper "Fiscal
Policy and International Competitiveness: Evidence from Ireland
(IIIS Discussion Paper No. 274 by Vahagn Galstyan and Philip R.
Lane). This paper
published in the Autumn 2009 issue of the Economic and Social Review.
In January 2009, I presented a paper "A New Fiscal Strategy
for Ireland" to the DEW-UCD Economics Conference Responding to the Crisis
published in the Summer 2009 issue of the Economic and Social Review.
In February 2009, we have released a new research paper "The
Impact of Fiscal Shocks on the Irish Economy
" ( IIIS Discussion
Paper No. 281 by Agustin Benetrix and Philip R. Lane). A revised
version of this paper has been published in the Winter 2009 issue of
the Economic and Social Review.
In March 2009, we have released a new research paper "Fiscal
Shocks and the Real Exchange Rate
" (IIIS Discussion Paper No. 286
by Agustin Benetrix and Philip R. Lane). This paper was presented
at the University of Birmingham's Macroeconomics/Econometrics
on May 6th 2009, the Society for Economic Dynamics (SED)
Istanbul in July 2009 and a London Business School seminar in October
2009. A revised version of this paper will be presented at the
Bank of Spain Fiscal Conference in February 2010 and the CEPR MGI
Conference in Eltville in March 2010.
In May 2009, I presented a paper "Current Challenges for
Irish Fiscal Policy" to the DEW-TCD Economics Conference. It is
available as Irish
Economy Note No. 3
In August 2009, we released a new paper "Fiscal
Shocks and the Sectoral Composition of Output
" (with Agustin
Benetrix), IIIS Discussion Paper No. 294, August 2009. A
revised version of this paper is forthcoming in Open Economies Review.
In October 2009, I participated in a panel on the Commission on
Taxation 2009 report at the ESRI Budget Perspectives 2010
conference. My contribution is available as Irish
Economy Note No. 7
In January 2010, the paper "External
Imbalances and Fiscal Policy
" was issued as IIIS Discussion Paper
Other Relevant Work
Philip R. Lane,
Fiscal Policy under EMU
Philip R. Lane, "Budgetary
Policy in Times of Plenty
Budget Perspectives 2000
Philip R. Lane, "What
Should We Do with the Surpluses?