Posts from "Tom Healy"

Tom Healy

Tom Healy is Director of the Nevin Economic Research Institute (NERI). Tom has previously worked in the Economic and Social Research Institute, the Northern Ireland Economic Research Centre, the Organisation for Economic Cooperation and Development, the National Economic and Social Forum and the Department of Education and Skills.

He holds a PhD (economics and sociology) from UCD. His research interests have included the impact of education and social capital on well-being, social vision and economic strategy for the island of Ireland, Education, Housing and Health.

A Modest Proposal

Posted on December 08, 2013 by Tom Healy

Tom Healy, Director NERI
Suppose you were the Minister of Finance in 2009 and that you were held up and forced to hand over a lot of money to a number of bust banks?. You didn’t have the money at the time so you took it out of a special pension savings fund built up by taxpayers meant for the next 50 years. Suppose that, in the meantime, one of the banks involved turned solvent and returned a modest sum of money plus …

Anglo-Irish Bank is dead. Long live its debt?

Posted on December 02, 2013 by Tom Healy

Tom Healy, Director NERI
Not that bank again! Much has been said and written about Anglo-Irish in the context of the banking collapse in 2008 and the sequence of historical events that takes us from the night of the Big Guarantee on 29th September 2008 (or perhaps a modern version of Oíche na gaoithe moiré)  When the Anglo-Irish Promissory Note deal was announced on 7th February 2013 many thought that this would be …

Posted in: Macroeconomics

Are we over-spending?

Posted on November 25, 2013 by Tom Healy

Tom Healy, Director NERI
The Organisation for Economic Cooperation and Development (OECD) periodically publishes comparative data on a wide range of economic and social areas from education to pensions to overseas aid. In its latest Government at a Glance there is a wealth of data on many aspects of public service and management of public finance together with measures of outcomes in health and education across all 34 …

Posted in: Government Spending

Why we need a new deal for young people in Europe

Posted on November 18, 2013 by Tom Healy

Tom Healy, Director NERI
While there may be grounds for celebration in the departure of An Troika, unemployment, under-employment and precarious employment is the lot of too many young people across Europe. Ireland (Republic), at 27%, is in the acute ward just behind Greece, Spain, Croatia and Portugal which, in each case, have rates of young unemployment in excess of 40% (see indicator 2.2 in the NERI Quarterly Economic …

Posted in: Jobs

Three reasons (at least) why we need a new Investment Bank (S+M+E)

Posted on November 11, 2013 by Tom Healy

Tom Healy, Director NERI
Speaking at a recent conference of the Irish Small and Medium Enterprises  I outlined, in my presentation, a number of key challenges facing public policy over the coming decades and how Irish-owned small and medium-sized enterprises (SMEs) need to be facilitated in much more ambitious strategy and vision that goes beyond the laudable aim of Ireland being ‘the best little country in the world …

Posted in: InvestmentJobs

Assessing the impact of Budget 2014

Posted on October 15, 2013 by Tom Healy

Tom Healy, Director NERI
An economist was once asked to assess the impacts of the French Revolution of 1789 to which she replied 'it is too early to say yet'. Budget 2014 may very well fall into this category.  In some ways like an impressionist painting in the Art Gallery the viewer has to stand back and ponder it all. Much detail, many tax cuts for businesses, lots of nasty cuts for some and universal cuts for those …

Posted in: Government SpendingInvestmentTaxation

Is it really €2.5 billion ?

Posted on October 13, 2013 by Tom Healy

Tom Healy, Director NERI
Having spent 5 years now in the austerity trenches another few hundred yards seems surmountable especially when the casualities are counted as €2.5 billion instead of €3.1 billion in 'fiscal adjustments' (cuts to spending or increases in tax neither of which is nice). But, €2.5 billion is still €2.5 billion. In other words around 1.5% of GDP in an economy already on its knees in terms of …

Posted in: Government SpendingTaxation

Ireland - a place of tax safety and refuge ?

Posted on September 16, 2013 by Tom Healy

Tom Healy, Director NERI
Writing in the Irish Times recently, Feargal O’Rourke head of tax at PwC Ireland declares: ‘What can be said with absolute certainty is that every company within the charge to Irish tax pays tax at 12.5 per cent on their activities – that is a fact.’ (‘Whatever way you look at it, Ireland is not a tax haven’). Certainty is a word to be used with caution. One cannot presume to know the …

Posted in: Taxation | Comments »

Northern Ireland economy

Posted on September 11, 2013 by Tom Healy

Tom Healy, Director NERI
The annual Northern Ireland Economic Conference took place yesterday in Belfast. Typically it is one of the main annual events in Northern Ireland where senior policy makers, academics and business interests gather to debate and consider the major economic issues confronting us. While the balance of speakers and input left much to be desired the Conference provides participants with an …

Posted in: InvestmentJobsNorthern Ireland

A welcome (if modest) increase in employment

Posted on September 02, 2013 by Tom Healy

Tmp Jobs
The publication, recently, by the Central Statistics Office of results from their Quarterly National Household Survey for the year to June 2013 has provided a welcome respite to the generally negative employment news since the beginning of 2008. Employment is now increasing across most sectors and occupations, both in full-time and in part-time employments. Notwithstanding very disappointing …

Posted in: Government SpendingInvestmentJobsMacroeconomics

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