NERI Seminar: On the hook for impaired bank lending - Do sovereign-bank inter-linkages affect the fiscal multiplier?
Given the difficulties in the Irish mortgage market, this paper assesses the implications for the Irish fiscal accounts due to the unique relationship between the sovereign and its main financial institutions. Macroeconomic policies, which reduce the loan impairments on the balance sheets of the...
Tax Revenue Stability and Corporation Tax
One of the lessons of the recent economic collapse (I hope!) has been the importance of a stable tax base. Total stability is impossible for a small open economy like Ireland; we will always have swings in economic performance which will alter the volume of economic transactions and tax revenues...
Monday Blog: Households and Governments: how they differ
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...
Monday Blog: Where do we go from here?
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...
Republic of Ireland’s economic outlook remains challenging
The Nevin Economic Research Institute has published our latest Quarterly Economic Observer (Wednesday 10th April). In it we outline our latest set of projections for the Republic of Ireland economy. These suggest a period of low-growth and high-unemployment for the next three years and include: •...
QEF Indicators for Northern Ireland
Each quarter the NERI launches an edition of Quarterly Economic Facts. The document brings together key indicators on the economies of Ireland, north and south. In each editon we compile the indicators under a series of headings dealing with areas such as people in paid work, people out of work...
Will the IT sector reduce unemployment?
In November, the CSO re-estimated historical estimates of employment. This has caused to seasonally adjusted peak to now be place in Q1 2008 rather than in 2007. Fundamentally the picture remains the same. There has been a sectoral shift in employment with construction hit particularly badly. There...
Policy Research Paper launched in Northern Ireland
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...
NERI Quarterly Economic Observer January 2013
The NERI has published our latest commentary on the economies of the island of Ireland today. In this edition of the Quarterly Economic Observer (QEO), we outline our expectations for the Republic of Ireland's economy for the next three years. Our projections are pessimistic, highlighting an ongoing...
Monday Blog: Passing of Dónal Nevin marked with respect by NERI
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...