Efficient Frontiers and Fiscal Stability: An Ex-ante and Ex-post Application to the Irish Public Finances


ESRI working papers represent un-refereed work-in-progress by researchers who are solely responsible for the content and any views expressed therein. Any comments on these papers will be welcome and should be sent to the author(s) by email. Papers may be downloaded for personal use only.

August 29, 2016 | ESRI Working Paper

Screenshot Authors: Kieran McQuinn , Maurice Roche

Revenue from taxation has become more volatile after the global financial crisis. In this paper we provide a mean-variance analysis for key taxation components in the Irish fiscal accounts. This approach is a useful complement to the more standard measures of fiscal developments, which typically focus on aggregate public finance indicators. In an Irish context, the analysis reveals that for a given taxation return, sourcing an increased amount of revenue from direct as opposed to indirect sources of taxation post 2008 would have provided a more stable fiscal environment.

© 2015 The Economic and Social Research Institute. All rights reserved. Website by JET Design