Abbas, Ali, Belhocine, Nazim, ElGanainy, Asmaa and Horton, Mark (2010). An Historical Public Debt Database. IMF Working Paper No. 10/245.Google Scholar

Addison-Smyth, Diarmuid and McQuinn, Kieran (2010). Quantifying revenue windfalls from the Irish housing market. Economic and Social Review, 41(2), 201–23.Google Scholar

Alesina, Alberto, Campante, Filipe and Tabellini, Guido (2008). Why is fiscal policy often procyclical? Journal of the European Economic Association, 6(5), 1006–36.CrossRefGoogle Scholar

Beck, T., Demirgüc-Kunt, A., Levine, R. E., Cihak, M. and Feyen, E. H. B. (2015). Financial Development and Structure Dataset. The World Bank, www.worldbank.org/en/publication/gfdr/data/financial-structure-databaseGoogle Scholar

Ballabriga, F. and Martinez-Mongay, C. (2002). Has EMU Shifted Policy? European Economy. Economic Papers, No. 166, February, Brussels.Google Scholar

Bayoumi, Tamim and Eichengreen, Barry (1995). Restraining yourself: fiscal rules and stabilization. International Monetary Fund Staff Papers, 42, 32–48.Google Scholar

Beetsma, Roel and Giuliodori, Massimo (2010). Fiscal adjustment to cyclical developments in the OECD: an empirical analysis based on real-time data. Oxford Economic Papers, 62(3), 419–41.CrossRefGoogle Scholar

Bénétrix, Agustín and Lane, Philip R. (2010). Fiscal shocks and the sectoral composition of output. Open Economies Review, 21(3), 335–50.Google Scholar

Bénétrix, Agustín and Lane, Philip R. (2013). Fiscal cyclicality and EMU. Journal of International Money and Finance, 34, 164–76.Google Scholar

Bénétrix, Agustín and Lane, Philip R. (2015). International differences in fiscal policy during the global crisis. Fiscal Studies, 36(1), 127.CrossRefGoogle Scholar

Blanchard, Olivier (2007). Current account deficits in rich countries. IMF Staff Papers, 54(2), 191–219.Google Scholar

Bohn, H. (1998). The behaviour of US public debt and deficits. The Quarterly Journal of Economics, 113(3), 949–63.Google Scholar

Borio, Claudio, Disyatat, Piti and Juselius, Mikael (2013). Rethinking Potential Output: Embedding Information About the Financial Cycle. BIS Working Paper No. 404.Google Scholar

Borio, Claudio, Disyatat, Piti, and Juselius, Mikael (2014). A Parsimonious Approach to Incorporating Economic Information in Measures of Potential Output. BIS Working Paper No. 442.Google Scholar

Borio, Claudio, Lombardi, Marco and Zampolli, Fabrizio (2016). Fiscal Sustainability and the Financial Cycle. Mimeo, BIS.Google Scholar

Bouthevillain, C., Cour-Thimann, P. Van den Dool, G. De Cos, P. H. Langenus, G. Mohr, M. F., Momigliano, S. and Tujala, M. (2001). Cyclically Adjusted Budget Balances: An Alternative Approach. ECB Working Paper No. 77.Google Scholar

Cimadomo, Jacopo (2012). Fiscal policy in real time. Scandinavian Journal of Economics, 114(2), 440–65.CrossRefGoogle Scholar

Claessens, Stijn, Kose, M. Ayhan and Terrones, Marco E. (2011). Financial cycles: What? How? When? In Clarida, R. and Giavazzi, F., eds., NBER International Seminar on Macroeconomics. Chicago and London: University of Chicago Press, 303–43.Google Scholar

Claessens, Stijn, Pazarbasioglu, Ceyla, Laeven, Luc, Dobler, Marc, Valencia, Fabian, Nedelescu, Oana M. and Seal, Katherine (2011). Crisis Management and Resolution: Early Lessons from the Financial Crisis. IMF Staff Discussion Note No. 11/05.Google Scholar

Committee on the Global Financial System (2011). Interactions of Sovereign Debt Management with Monetary Conditions and Financial Stability. CGFS Papers, No. 42.Google Scholar

Das, Udaibir, Papapioannou, Michael, Pedras, Guilherme Ahmed, Faisal and Surti, Jay (2010). Managing Public Debt and Its Financial Stability. IMF Working Papers, No. 10/280.Google Scholar

De Manuel Aramendía, Mirzha and Raciborski, Rafal (2015). Using Financial Variables to Estimate the Irish Output Gap: Do They Make a Difference? Economic Brief 004, European Commission.Google Scholar

Dobrescu, Gabriela and Salman, Farhan (2011). Fiscal Policy during Absorption Cycles. IMF Working Paper No. 11/41.Google Scholar

Eschenbach, Felix and Schuknecht, Ludger (2004). Budgetary risks from real estate and stock markets. Economic Policy, 39, 313–46.Google Scholar

Fatás, Antonio and Mihov, Ilian (2010). The euro and fiscal policy. In Alesina, Alberto and Giavazzi, Francesco, eds., Europe and the Euro. Chicago: University of Chicago Press, 287–324.Google Scholar

Galí, Jordi and Perotti, Roberto (2003). Fiscal policy and monetary integration in Europe. Economic Policy, 18(37), 533–72.CrossRefGoogle Scholar

Gavin, Michael and Perotti, Roberto (1997). Fiscal policy in Latin America. NBER Macroeconomics Annual, 12, 11–70.CrossRefGoogle Scholar

Girouard, Nathalie and Price, Robert (2004). Asset Price Cycles, One-Off Factors and Structural Budget Balances. OECD Economics Department Working Paper No. 391.Google Scholar

Honohan, Patrick and Klingbiel, Daniela (2003). The fiscal cost implications of an accommodating approach to banking crises. Journal of Banking and Finance, 27(8), 1539–60.Google Scholar

Jaimovich, Dany and Panizza, Ugo (2007). Procyclicality or Reverse Causality? IADB Working Paper No. 599.Google Scholar

Jordà, Oscar, Schularik, Moritz and Taylor, Alan (2015). Sovereigns versus banks: credit, crises and consequences. Journal of the European Economic Association, 14(1), 45–79.Google Scholar

Kaminsky, Graciela (2010). Terms of Trade Shocks and Fiscal Cycles. NBER Working Paper No. 15780.Google Scholar

Lane, Philip R. (2003). The cyclicality of fiscal policy: evidence from the OECD. Journal of Public Economics, 87, 2661–75.CrossRefGoogle Scholar

Lane, Philip R. (2007). Fiscal policy for a slowing economy. In Economic and Social Research Institute, Budget Perspectives 2008, pp. 5–25, www.esri.ie/pubs/BP200801.pdfGoogle Scholar

Lane, Philip R. (2010a). Some lessons for fiscal policy from the financial crisis. Nordic Economic Policy Review, 1(1), 13–34.Google Scholar

Lane, Philip R. (2010b). External imbalances and fiscal policy. In Salvador Barrios, Servaas Deroose, Sven Langedijk and Lucio Pench, eds., External Imbalances and Public Finances in the EU, European Economy Occasional Paper No. 66, pp. 17–30.Google Scholar

Lane, Philip R. (2011). Fiscal Policy and Financial Stability. Mimeo, Trinity College Dublin.Google Scholar

Lane, P. R. and McQuade, P. (2014). Domestic credit growth and international capital flows. Scandinavian Journal of Economics, 116, 218–52. doi:10.1111/sjoe.12038Google Scholar

Lane, Philip R. and Milesi-Ferretti, Gian Maria (2011). The cross-country incidence of the global crisis, IMF Economic Review, 59(1), 77–110.Google Scholar

Lane, Philip R. and Milesi-Ferretti, Gian Maria (2012). External adjustment and the global crisis. Journal of International Economics, 88(2), 252–65.Google Scholar

Lendval, Julia, Moulin, Laurent and Turrini, Alessandro (2011). From CAB to CAAB? Correcting Indicators of Structural Fiscal Positions for Current Account Imbalances. European Economy Economic Papers, No. 442.Google Scholar

Liu, Estelle, Mattina, Todd and Tigran, Poghosyan (2015). Correcting “Beyond the Cycle”: Accounting for Asset Prices in Structural Fiscal Balances. IMF Working Paper No. WP/15/109.Google Scholar

Pesaran, M. Hashem and Smith, Ron P. (1995). Estimating long-run relationships from dynamic heterogeneous panels. Journal of Econometrics, 68(1), 79–113.CrossRefGoogle Scholar

Price, R. and Dang, T. (2011). Adjusting Fiscal Balances for Asset Price Cycles. OECD Economics Department Working Papers, No. 868. Paris: OECD Publishing. doi:http://dx.doi.org/10.1787/5kgc42t3zqkl-enGoogle Scholar

Reinhart, Carmen M. and Rogoff, Kenneth S. (2009). This Time is Different: Eight Centuries of Financial Folly. Princeton: Princeton University Press.Google Scholar

Reinhart, Carmen M. and Belen Sbrancia, M. (2015). The liquidation of government debt. Economic Policy, CEPR;CES;MSH, 30(82), 291–333.Google Scholar

Summers, Lawrence H. (1988). Tax policy and international competitiveness. In Frenkel, Jacob, ed., International Aspects of Fiscal Policies. Chicago: University of Chicago Press, pp. 349–86.Google Scholar

Talvi, Ernesto and Végh, Carlos (2005). Tax base variability and procyclical fiscal policy in developing countries. Journal of Development Economics, 78(1), 156–90.Google Scholar

Tornell, A. and Lane, Philip R. (1999). The voracity effect. American Economic Review, 89(1), 22–46.Google Scholar