What is a prudent fiscal space?

Posted on November 29, 2015 by Tom Healy

Tom Healy, Director NERI
One of the impacts of the recent economic crisis is that new expressions have been added to the English language, as spoken here. One such example is ‘fiscal space’. When the economy is growing there is, at one and the same time, more demand for public services (more school pupils and more demand for health services for examlpe) as well as less demand for other public services (when there are …

Posted in: Government SpendingInvestmentTaxation

The Flawed currency union

Posted on November 27, 2015 by Tom McDonnell

In the NERI's Quarterly Economic Facts we often compare Irish performance against that of other EU or Euro area countries, for example in areas like the general government balance. While an interesting exercise in itself it is sometimes more useful to sit back and reflect on the bigger picture. The fact is that the Euro area has, in aggregate, underperformed against the United States, as well …

Posted in: Macroeconomics

UK Autumn Statement and Spending Review

Posted on November 25, 2015 by Paul Mac Flynn

The Autumn Statement delivered today by Chancellor of The Exchequer George Osborne will in all likelihood be remembered for one significant U-turn. The dramatic reversal on planned changes to tax credits represents a big win for opponents of the policy in Westminster and beyond. The total proposed saving from tax credits was to be £4.4bn UK wide. The changes would have affected over 120,000 …

Posted in: Government SpendingJobsLiving wageMacroeconomics

NERI Seminar: Fiscal Priorities for Long-Run Growth

Posted on November 20, 2015 by Tom McDonnell

Neri poster
The latest NERI seminar  looked at the Irish economy’s recent performance and considered its medium-and-long-term prospects for growth. Over the course of the presentation a range of policy reforms to increase the economy’s long-run potential output were identified and discussed. Dr McDonnell set out the case for  increased investment in education and skills, particularly early years …

Posted in: Government SpendingInvestmentMacroeconomicsTaxation

Why Northern Ireland needs a real fresh economic start

Posted on November 18, 2015 by Tom Healy

Tom Healy, Director NERI
While economic recovery is evident in both jurisdictions there has been a worrying acceleration in job losses in Northern Ireland with some very significant losses expected in JTI Galagher and Michelin Tyres, both in Ballymena as well as 100 job losses in the US Engineering company, Caterpillar.  Reflecting trends elsewhere in the retail sector, Dunnes Stores have announced a closure of part of …

Posted in: Northern Ireland Taxation

Economic uncertainty

Posted on November 13, 2015 by Tom Healy

Tom Healy, Director NERI
(this blog was composed prior to the recent tragic events in Paris. My thoughts and prayer are with the people of France and all nations suffering from acts of war and terror).   Best of Times? was the title of a book published by researchers at the ESRI in the summer of 2007.  The book followed on from another work published in 2000 entitled ‘Bust to Boom? The Irish experience of growth and …

What do we really mean by ‘middle earners’?

Posted on November 12, 2015 by Micheál Collins

The recent Budget, and much of the commentary which accompanied it, contained recurring references to ‘middle-earners’ – almost all of it without any basis in the various numbers available on the Irish income and earnings distribution. New data from the Revenue Commissioners, published following Budget 2016, offers a chance for a more informed view of the structure of earnings in Ireland. …

Posted in: IncomeTaxation

The fiscal implications of Irish unity

Posted on November 06, 2015 by Tom Healy

Tom Healy, Director NERI
For a long time Irish history was marked by a surprising degree of consensus in favour of a united Ireland – whether as a united and politically independent island or as part of the United Kingdom.  Since 1922, there has been a marked lack of consensus about where Northern Ireland’s future lies. Partition reflects that lack of consensus. Economists are seriously at a disadvantage if they …

Posted in: Northern Ireland

Changes in employment levels by sector before, during and after the recession

Posted on November 05, 2015 by Daragh McCarthy

zDaragh McCarthy
Recent changes in employment The latest figures from the Quarterly National Household Survey show employment increasing in almost all sectors of the economy. The stand-out figure is employment growth of 18.5 per cent in the construction sector over the twelve months ending in June 2015. A rise in employment was recorded in all but three areas of the economy over the same period, with small—less …

Posted in: Jobs

Sustainable pensions in Northern Ireland

Posted on November 02, 2015 by Tom Healy

Tom Healy, Director NERI
In a previous Monday Blog I discussed some issues in relation to ageing population and future pension provision in the Republic of Ireland (Living Long and Living Well?). This Blog focuses on Northern Ireland where many of the same patterns, concerns and long-term questions arise. Currently there are 300,000 persons in receipt of the State Pension in Northern Ireland.  Population projections …

Posted in: Living wageNorthern Ireland

< Prev 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 ...
(322 blog posts)

Digital Revolutionaries