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A visitor from outer space might be forgiven for concluding that the only or main economic problem confronting European States was deficit and debts - Government deficits and debts. The corollary of this problem is - of course - austerity to cure the ailment. Or is it? Lets compare the Government...
The gap between what the Government in Ireland takes in and what it spends is running at a rate of €1 billion every month. Clearly this is not sustainable in the long-run because it adds to the total amount of debt owed by citizens year after year. The total amount of debt owed by the Government on...
Public debate about matters of public concern in Ireland has been characterised in a number of ways. I suggest that the following traits may be stronger than elsewhere in the world and could reflect deep and enduring historical factors: There is a disproportionate emphasis on 'survival' with the...
The Distribution of earnings has remained remarkably static in Northern Ireland over the past two years. The number of people earning under £20,000 was 57%, the same figure recorded in the previous year. The most significant decreases have been among those earning over £150,000 and those earning...
The Nevin Economic Research Institute has published our latest Quarterly Economic Observer (Wednesday 10th April). In it we examine the problems of Youth Unemployment in Northern Ireland. In particular: •Youth Unemployment rates of 23.8% or 24,000; •34,000 18-24 year olds are not in education...
The publication of guidelines in relation to personal insolvency yesterday has at least two positive features: consideration of a living income is very much under debate and this is to be welcome some individuals and households in situations of mortgage or other debt distress are likely to move...
The number of young people on the Island of Ireland not in education, employment or training (NEETs) has significantly increased over the last number. Similar to the overall unemployment rate, the number of NEETs remains higher in the Republic of Ireland; however the rate for Northern Ireland has...
Today the NERI published its first Policy Research Paper “Policy Options for Investment in Northern Ireland”. The paper will be officially launched at an event in Parliament Buildings in Belfast today. The paper seeks to highlight the infrastructural investment required in the Northern Ireland...
The staff of the Nevin Economic Research Institute (NERI) extend their sympathies to the family of the late Dr Dónal Nevin, scholar, trade unionist and socialist who gave a life of service to the common good. The Institute is named in honour of Dr Nevin. A press release has been issued by the Irish...
The International Monetary Fund recently admitted that they have, since the beginning of the crisis, grossly underestimated the damage that austerity policies have been doing to the economy. The admission was made in the latest edition of the World Economic Outlook released at their bi-annual...