[PDF] Top 20 Quarterly Economic Commentary, Spring 2014

... As indicated in the Article, these demand pressures are likely to continue to grow beyond 2015, so that measures aimed at tackling supply constraints will be an important priority for the forthcoming strategy for the ... See full document

... A s economic circumstances remain difficult and CAO applications reach record numbers, there has been renewed focus on higher education. In part this reflects the severe deterioration in labour market ... See full document

... We show that households with lower income levels consume a higher share of products that would be most affected by increases in tariffs and trade cost and the overall effect is inversely[r] ... See full document

... In the General Assessment, the overall negative picture is noted but we also draw attention to some positive developments since our Winter Commentary. Our assessment of the fiscal measures introduced in February ... See full document

... By providing a more accurate picture of the incidence of different family types, this research lets policymakers know who is affected by policies that differentiate between family structures. It also raises two specific ... See full document

... The Quarterly Economic Commentary has been accepted for publication by the Institute, which does not itself take institutional policy positions. It has been peer reviewed by ESRI research colleagues ... See full document

... Available indicators continue to point to strong growth in investment in the Irish economy during 2014. However, it now seems likely that the number of private house completions this year and next will be ... See full document

... In addition to changes in weekly rates of payments, claimants of Working Family Payment (WFP, formerly known as Family Income Supplement, or FIS) will from March be able to disregard from the WFP means test up to €93.23 ... See full document

... Most of the developments observed since 2013 in the domestic market have occurred in the absence of any significant increases in mortgage credit; indeed, one could argue that in terms of both the general economy and the ... See full document

... dummy variable are calculated for each age category and are plotted in Figure 1. A vertical line is inserted in the graph to show the month-of-birth threshold. The average retirement probabilities are increasing with ... See full document

... The scale of the persistent increase in Irish house prices over the period 1995 to 2007 was unparalled across western economies and unsurprisingly led to a disproportionate degree of economic activity ... See full document

... The Irish system exempts private pension contributions from income tax through its EET approach. EET systems are generally considered to result in higher pension contributions than TEE (Taxed, Exempt, Exempt) systems ... See full document

... Lee, 2014), due to an unwillingness to borrow arising from factors such as a resistance to any outside intervention that might come from banks or other types of ... See full document

... Figure 45 breaks down the seasonally-adjusted level of employment by sector for the first quarter of 2014, 2018 and 2019. The construction sector has had by far the largest growth in employment, increasing by 66.1 ... See full document

... The initial QEC forecasts show much the same cumulative growth as the NIE preliminary estimates, with overestimation in the earlier years being offset by a failure to predict the strong [r] ... See full document

... Quarterly data Dependent variable is change in Irish unemployment thousands UK data is short-term unemployed in millions 'Lagged' data are lagged four quarters Series are adjusted for ch[r] ... See full document

... Among the main categories of industry, total exports account for over half of gross output in all three categories, with net domestic disposals accounting for a tiny 2 Y2 per cent of gro[r] ... See full document

... better economic position to withstand policy rate increases given the recovery in the labour market and in house prices, rate rises would lead to payments rising faster than long-term income ... See full document

... Meanwhile, economic growth in 2013 is expected to be flat or negative in three of the four largest eurozone economies (France, Spain and ...consecutive quarterly GDP contractions of ...previous ... See full document

... improved economic performance of the economy has been the strength of the tax take throughout ...in 2014, in line with expectations, given the buoyancy of the monthly Exchequer returns and strong growth in ... See full document