[PDF] Top 20 Quarterly Economic Commentary, Spring 2018

... The past quarter has seen the launch of the new ESRI/Bank of Ireland Savings and Investment Index. Monteiro, O’Toole and Watson in a box in the Commentary provide an overview of the Index in terms of what it seeks ... 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

... strong economic case for differentiated, higher rates of taxation is goods whose consumption generate negative effects, or externalities, on ...Yakut, 2018) estimates ... 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

... The economic challenges facing the Euro Area are undoubtedly being compounded by the public finances situation in a number of member states and in particular by the on-going debt crisis in ... 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

... Figure 16 presents the ten-year government bond yields for a selected group of economies. As of August 2018, Irish ten-year bond yields stood at 0.85 percentage points which was below the Eurozone average. ... 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

... The continued improvement in key domestic labour market variables has resulted in a sustained increase in both nominal and real wage growth in the Irish economy. Average Hourly Earnings were estimated to have grown by ... See full document

... The decision by the ECB in October to reduce the scale of its bond buying programme to €30 billion per month from €60 billion in January 2018 reflects the improving macroeconomic conditions in the Euro Area. While ... See full document

... Much of the discussion regarding the impact of Brexit on energy has focused on supply security. This is primarily due to the fact that Ireland is heavily dependent on gas supplies via Great Britain. While the Corrib ... See full document

... The Irish economy continues to increase at a significant pace in 2017. While certain taxation items registered relatively weak growth in the earlier part of the year, more recent Exchequer returns indicate that the total ... See full document

... Figure 10 graphs the exchange rate of the euro (EUR) to the US dollar (USD), the British pound sterling (GBP), the Swiss franc (CHF) and the Chinese renminbi (CNY). These are the currencies of Ireland’s largest trading ... 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

... domestic economic activity, could, if suitably explained, be used by those interested in economic policy in Ireland, and also by those abroad interested in the Irish ... 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

... 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

... 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