Blog Archive

Getting our house in order

Posted on November 20, 2019 by Paul Mac Flynn

social housing
Last week we received the latest figures on residential property prices in Northern Ireland. The main news from this release was that house prices grew by 2.3% over the quarter and by 4% on an annual basis. This represents a return to a more robust phase of growth which has taken a bit of a dip since Brexit. In the two years leading up to the Brexit referendum, the average quarterly growth rate …

"Economics Made Simple" - Slides from the first 4 weeks of lectures

Posted on November 15, 2019 by Louisa O'Brien

Dr Tom McDonnell and Paul Mac Flynn, Acting Directors at the NERI presented at first 4 weeks of the "Economics made Simple" series of lectures in conjunction with The People's College.  Please find the slides below: Week 1 - Some Economic Concepts by Dr Tom McDonnell on 21st October, 2019 Week 2 - Understanding Poverty and Inequality by Paul Mac Flynn on 28th October, 2019 Week 3 - Automation …

Moving towards a Just Transition

Posted on November 14, 2019 by Paul Goldrick-Kelly

Environmental breakdown is occurring at an unprecedented rate. The move to a low-carbon economy must incorporate principles of justice for the workers and communities affected. A Just Transition accommodates and addresses social concerns and possible inequities that may emerge as policymakers make efforts to promote ecological sustainability. This implies that environmental policy should not …

An unlikely end to low pay

Posted on October 30, 2019 by Paul Mac Flynn

The latest round of pay statistics for Northern Ireland, the Annual Survey of Hours and Earnings was published yesterday. Looking at the headline statistics there are some positives, full-time weekly earnings were up 3.2% from 2018 or 1.2% when adjusted for inflation. On both counts this was marginally above the rate of increase for the UK as a whole and is the 5th consecutive year of wage growth …

Economics made Simple - week 1 - "Concepts and Irish Economic Development"

Posted on October 22, 2019 by Tom McDonnell

Dr Tom McDonnell, Senior Economist at the NERI presented at week 1 of the "Economics made Simple" series of lectures in conjunction with The People's College.  Tom presented on "Concepts and Irish Economic Development".  The lecture took place yesterday in The Teacher's Club from 18:00 - 19:30.  Slides from lecture are below:   Economics made Simple 2019 week 1 - Concepts and Irish Economic …

Time to think of importance of retail as Christmas looms

Posted on October 21, 2019 by Lisa Wilson

Shopping 3.JPG
It’s approaching that time of year again, where people start thinking about, dare I say it, Christmas. I know, I know, I can hear the tut at my even mentioning of the word aloud this side of Halloween. But like it or lump it, as the evenings continue to close in and people get used to going home to light the fire in the evenings we cannot help but start to think about Christmas nights out, and …

Slides from NERI Seminar: Budget 2020: Reflections and Analysis

Posted on October 17, 2019 by Louisa O'Brien

Slides from NERI Seminar: Budget 2020: Reflections and Analysis held in the Fórsa offices on 16th October, 2019. The three speakers each made a brief presentation responding to aspects of Budget 2020.  The presentations were delivered by Robert Sweeney (TASC), Michelle Murphy (Social Justice Ireland) and Michael Taft (SIPTU). Robert Sweeney, TASC post budget 2020 analysis 16 Oct 19 from …

Budget 2020 makes the vulnerable pay for Brexit

Posted on October 11, 2019 by Tom McDonnell

Money notes and coins
Budget 2020 came and went under the shadow of a looming Brexit threat. Notwithstanding this threat, the Department of Finance projects we will avoid a technical recession in 2020. The Central Bank similarly projects narrow avoidance of a recession in a no-deal scenario, albeit with declines in consumption and in investment. The government’s fiscal position is in a reasonably solid position with …

A Short-Time Work Scheme would help us battle the worst effects of Brexit

Posted on October 07, 2019 by Tom McDonnell

Every economic downturn is unique but often involve some form of demand side or supply side shock. A ‘demand-side’ shock occurs when businesses and households collectively reduce their spending in the economy. Good examples include stock market or property crashes that lead to a general loss of confidence in future economic prospects. Supply-side shocks tend to be more damaging to the economy …

Local impact of Wrightbus closure cannot be ignored

Posted on October 01, 2019 by Paul Mac Flynn

The announcement last week that Wrightbus has gone into administration with the loss of up to 1,200 jobs has dealt a significant blow to Northern Ireland’s manufacturing sector at a time when the sector faces an existential threat. Furthermore, it is just the latest in a long series of closures to hit the Ballymena area, which seems to have suffered disproportionately in recent years. When we …

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