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Blog Archive

The Absence of Devolution - The Economic Costs

Posted on July 19, 2017 by Paul Mac Flynn

As the deadline of the 29th of June passed without the establishment of a new Executive, it looks as though Northern Ireland may be in for a long period with no devolved government. Quite how long this interregnum will last is in the realm of political speculation, but it does have important implications for our economy. Much has been made of the fact that, as a consequence of the failure to form …

Posted in: Government SpendingNorthern Ireland

Exploring the outer regions of hidden fiscal space

Posted on July 14, 2017 by Tom Healy

Tom Healy, Director NERI
The 2017 Summer Economic Statement appeared last week.  The Statement follows a seasonal pattern along with the Spring Economic Statement and, ultimately, Budget 2018 due to be presented to the Dáil in October and approved by the European Commission on behalf of the EU28. The debate, such as it is, in the run up to Budget 2018 in Ireland follows familiar patterns each year: Some commentators …

Slides from NERI Seminar: Welfare and Activation for Partners: Challenges for Irish Policy

Posted on July 13, 2017 by Louisa O'Brien

Slides from NERI Seminar on 'Welfare and Activation for Partners: Challenges for Irish Policy', presentation by Dr Mary P Murphy (Maynooth University) & Dr Anne-Marie McGauran (NESC) on 12th July, 2017.

Reclaiming the debate on enterprise

Posted on July 07, 2017 by Tom Healy

Tom Healy, Director NERI
The key to a flourishing society is an economy that works for all people and not just the few.  And the key to an economy that works for all is democracy in the workplace and in the political institutions that govern the market. [This is the text of a speech I gave at the 2017 Biennial Delegate Conference of the ICTU on 5th July 2017.) Too often, we see whole communities, families and workers …

Getting our priorities right

Posted on June 30, 2017 by Tom Healy

Tom Healy, Director NERI
Remarks at the recent National Economic Dialogue held in Dublin (28-29 June) "On behalf of the Nevin Economic Research Institut, I would like to welcome this opportunity to debate the choices and priorities for Ireland as we, hopefully, head towards a period of economic and social recovery and development. I think we need to adjust our language away from a single-minded focus on ‘growth’, …

Keeping the vultures at bay

Posted on June 23, 2017 by Tom Healy

Tom Healy, Director NERI
The loss of a home and homelessness must be among the most stressful events in a person’s life.  The stories of evictions from cottages and land in the 19 th century still evoke feelings of intense shock and outrage. How could this have happened in a colony of a ‘civilised empire’?  Vast improvement in economic and social well-being have characterised Ireland in recent decades. A limited …

The Living Wage in the Republic of Ireland

Posted on June 16, 2017 by Tom Healy

Tom Healy, Director NERI
I was recently talking with an economist from Austria about the Living Wage.  He did not readily understand the term as, in many European countries, the notion of a living wage gives way to one or both things: (1) collective bargaining which sets wages pretty much for all workers in all sectors, and (2) a statutory minimum wage coupled with relatively generous (relative, that is, to Ireland the …

Life is based on many assumptions (until they prove false)

Posted on June 09, 2017 by Tom Healy

Tom Healy, Director NERI
Economists are no more equipped than others to predict the future. That’s because economies are embedded in societies, institutions and human relationships. These work to confound the simplest assumptions and most refined of econometrical modelling.  While few could believe what was plainly emerging in British politics in recent times and is now very apparent following last week’s General …

Slides from NERI Seminar: ‘The Spirit level revisited: importance of relative income position for well-being’

Posted on June 09, 2017 by Louisa O'Brien

Slides from NERI Seminar on ‘The Spirit level revisited: importance of relative income position for well-being’ , presentation by Dr Lisa Wilson, Economist, NERI on 15th March, 2017.

Slides from NERI Seminar: A long-term assessment of Irish house price affordability

Posted on June 09, 2017 by Louisa O'Brien

Slides from NERI Seminar on a long-term assessment of Irish house price affordability, presentation by Dara Turnbull, Economist, AIB on 7th June, 2017.  

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