Posts from "Tom McDonnell"

Tom McDonnell

Tom McDonnell is Senior Economist at the NERI and is responsible for among other things the NERI's analysis of the Republic of Ireland economy including risks, trends and forecasts. He specialises in economic growth, economics of innovation, Irish and European economies, and fiscal policy. He previously worked as an economist at TASC and before that was a lecturer in economics at NUI Galway and at DCU. He has also taught at NUI Maynooth.

Tom obtained his PhD in economics from NUI Galway. He is a native of Limerick city.


Budget 2020 should increase the Local Property Tax

Posted on August 30, 2019 by Tom McDonnell

social housing
Budget 2020 is an opportunity to widen the tax base and increase scope for spending on areas like childcare, education and infrastructure. One of the best ways we can do this is by increasing the property tax. The latest NERI inBrief makes just such a case. So what is the case in favour of shifting the composition of taxes in favour of a higher property tax? We can broadly summarise the case as …

Tax Breaks: Time for Serious Reform

Posted on August 01, 2019 by Tom McDonnell

Euro coins
Tax reform is an ongoing process. The Irish republic’s tax system is like the proverbial curate’s egg – there are good bits and bad bits. I’m going to focus here on just one of the ‘bad bits’ but first let us consider the key objective of any tax system. Key objectives The key objectives of any tax system are to raise a meaningful amount of revenue for the exchequer while at the same …

Trade Unions, Collective Bargaining and Economic Performance

Posted on June 25, 2019 by Tom McDonnell

NERI Research inBrief no 68 June 19
A key goal of workers and unions is to achieve wage growth that outstrips increasing costs of living. Trade unions can influence the labour share and the productivity channels, to the benefit of workers. Unions increase the bargaining power of labour, which enables workers to negotiate a larger slice of the economic pie. In addition, coordinated wage bargaining can impede cost competition …

Posted in: Taxation

Submission to the Budgetary Oversight Committee

Posted on June 05, 2019 by Tom McDonnell

The NERI will appear before the Oireachtas Budgetary Oversight Committee on the 19th of June. Our preliminary submission is here.

Posted in: Government SpendingTaxation

New Ideas and Growth: Some Policy Implications

Posted on February 15, 2019 by Tom McDonnell

In the latest NERI inBrief I outline some of the main concepts and principles that policymakers can use as part of a framework for generating sustainable long-run economic growth. We can make a number of points. First, sustainable growth is dependent on continuous productivity gains arising from innovation. Second, innovation is itself a function of the production, diffusion and application of …

Posted in: MacroeconomicsInvestment

New NERI Working Paper - Innovation and Growth: Concepts and Policy Implications

Posted on December 20, 2018 by Tom McDonnell

Investment Green Energy
The NERI's latest addition to its enterprise project is released today. You can find it on the website here. This working paper will underpin much of our research in 2019. The paper focuses on sustainable and inclusive long-run economic growth. The core idea is that knowledge and new ideas manifesting as ‘innovations’ are the key to sustainable long-run economic growth. Following the main …

Posted in: MacroeconomicsInvestmentIncome

Prospects for Private Sector Wages 2018/2019

Posted on November 20, 2018 by Tom McDonnell

The Republic of Ireland's labour market is tightening, albeit not yet overheating. As such, the prospects for real wage growth for workers continue to improve. In this presentation we assess the state of the Republic of Ireland's labour market and look ahead to the potential for real wage growth in 2019.

Posted in: JobsMacroeconomicsLabour costsIncomeWages

Context for Budget 2019: A Long-run Focus

Posted on September 17, 2018 by Tom McDonnell

Publication cover - Context for Budget 2019_Long_Run_Focus
This presentation gives the NERI perspective along with some facts and figures in advance of Budget 2019.

Posted in: InequalityMacroeconomicsTaxation

A Household net wealth tax for the Republic of Ireland.

Posted on August 07, 2018 by Tom McDonnell

Scrooge McDuck
Is a wealth tax on net households assets worth over €1 million feasible? Is it desirable? I discuss these issues in the latest NERI inBrief which can be found here. Many of the core principles for net wealth tax design are outlined in an earlier NERI/TASC Working Paper which can be found here. The main 'takeaway' is that introducing such a tax in the Republic of Ireland is more than feasible …

Posted in: InequalityTaxationIncome

Short-term outlook is good but stormclouds ahead - time to prepare the ship

Posted on August 03, 2018 by Tom McDonnell

foggy drive
The NERI’s 26th Quarterly Economic Observer came out this Wednesday. You can find the release here and accompanying slides here. Outlook We examine the trends and short-run outlook for both Irish economies. The short-run outlook for the Republic of Ireland economy is very positive. We project real GDP will grow by 5.8% in 2018 reflecting our expectation that the cyclical upswing will continue …

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