Discussion paper

DP9961 Money, Interest Rates and Prices in Ireland, 1933-2012

In this paper we assemble an annual data set on broad and narrow money, prices, real economic activity and interest rates in Ireland from a variety of sources for the period 1933-2012. We discuss in detail how the data set is constructed and what assumptions we have made in doing so. Furthermore, we perform a VAR analysis to provide some simple empirical evidence on the behaviour of these time series. The results suggest that aggregate supply and inflation shocks play a dominant role in Irish business cycles.

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Citation

Gerlach, S and R Stuart (2014), ‘DP9961 Money, Interest Rates and Prices in Ireland, 1933-2012‘, CEPR Discussion Paper No. 9961. CEPR Press, Paris & London. https://cepr.org/publications/dp9961