[PDF] Top 20 Quarterly Economic Commentary, Spring 2015

... A key feature of the improved economic performance of the economy has been the strength of the tax take throughout 2014. The end-year Exchequer returns show that the public finances performed well in 2014, in line ... See full document

... last Commentary, in the immediate aftermath of Budget 2010, the overall management of the public finances can be viewed in positive ...real economic benefit in addition to avoiding lost output through work ... See full document

... in 2015 with expenditure on items such as motor cars, retail sales and household goods registering the largest year-on-year ...in 2015 is still set to be less than that which prevailed in ... 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

... Monetary policy in the euro zone remains relatively loose with reductions in interest rates and significant liquidity provided to the banking system, although a lower refinancing rate for the banking system may not ... See full document

... One other feature of Budget 2016 has attracted less attention, but is important from the point of view of structural reform, is the postponement of revaluations of residential properties for property tax purposes for a ... 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

... House price developments are presented in Figure 29 on a geographic basis splitting out Dublin and the rest of Ireland. As housing pressures are most acute in the capital such a dichotomy provides insight into relative ... 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

... While undoubtedly the deterioration in the business climate, through poorer fundamentals, would have led firms to pull back investment, a number of research papers have highlighted the negative impact of the banking ... See full document

... To apply the model, data on household expenditure on different commodities, commodity prices and other socioeconomic variables are needed. Using the Household Budget Survey (HBS) from the Central Statistical Office ... 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

... On the domestic front there is some uncertainty as well owing to the rather inconclusive nature of the recent General election. While the task of forming a stable government looks to be particularly challenging, in the ... See full document

... The level of current trade from the UK to Ireland and associated potential price increases are then combined with measures of how important these products are in the consumption expenditure baskets of households in order ... 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

... of Economic Analysis performs seasonal adjustment in producing the National Accounts, there remains residual ...US economic growth has weakened significantly in 2015 and do not expect there to be a ... See full document

... pursued in order to reduce exposure to future banking crises. Encouragingly, EU institutions have recently agreed to establish a single supervisory mechanism (SSM) allowing large eurozone banks to be regulated at ... See full document

... The Quarterly National Household Survey shows the unemployment rate for this age group at 15 per cent for the fourth quarter of 2013, while annual employment growth has been negative since the second quarter of ... See full document

... The Eurozone maintains its improving performance as record-low interest rates look likely to be maintained in the short run. The combined effects of prolonged accommodative monetary policy, strong labour market ... See full document