Ireland has reaped benefits not only in terms of growth but also in terms of restoring market access and lowering the cost of government funding and this is about consolidating this success and building on the successes, and for that you need continuity in policies.
In other words: greater or smaller-than-expected sales affect inventories just as much as they did ten years ago. Therefore, the observed damping of the business cycle must be attributable to other causes. A third explanation given for the flattening of cyclical patterns is that monetary and budgetary policies nowadays tend to be aimed more towards the medium term.