In 2002, Patrick Honohan – who at the time was a senior advisor to the World Bank – delivered a paper in Washington DC entitled Catching Up With The Leaders: The Irish Hare.
Diagnosing the Irish economy, he and his co-author Brendan Walsh, an economics professor at UCD, pointed out that the so-called Irish economic miracle was in fact nothing of the sort. It was, they said, just the ironing-out of a couple of wrinkles in...
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