[PDF] Top 20 Quarterly Economic Commentary, Winter 2018

... 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

... 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

... present in more than one of these waves, we use the most recent observation. For close to 70 per cent of households it is the 2014 data which are used; 2013 data are used only where a household is not re-interviewed. By ... See full document

... 7 Many Central Banks around the world have sought to aid domestic recoveries through relaxed monetary policies. In the US, Britain and the Euro Area effective interest rates were reduced close to zero and exceptional ... See full document

... In light of the remarkable growth rates for 2014 and 2015, in the domestic section of the Commentary, we tease out the actual output levels vis-à-vis potential in the Irish economy at present. While unemployment ... 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

... Beginning with our Commentary of Autumn 2008, we argued that the public finances had moved onto a trajectory that was unsustainable and which threatened to impede recovery. As a result, it was necessary to put in ... 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

... A modest rise in the value of tourist spending overseas is forecast, while a slightly slower increase than last year- is projected for other service imports, due to the lower rate of g:o[r] ... See full document

... the Winter Commentary, Duffy and McQuinn (2014) had outlined a counter-cyclical rules approach which suggested that the specific limits for the LTVs and LTIs be set on the basis of a regular analysis of ... See full document

... in 2018 prompting the Department of Finance to forecast an actual decline in receipts in ...previous Commentary, it is important to be able to distinguish between increases in corporation tax receipts which ... See full document

... European Economic Area (EEA) and maintain access to the EU Single ...November 2018, the proposed Withdrawal Agreement and Political Declaration on plans for the future UK-EU relationship has enabled more ... 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 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

... 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

... Second, a frequent misconception is that the existence of a budgetary deficit is, in itself, stimulatory and that a surplus is contractionary. However, when confronted with recent experience the absurdity of this ... 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

... Autumn Commentary we signalled that, given the apparent strength of the recovery in 2015, a neutral fiscal stance was the most appropriate position to take at this ...latest economic survey of Ireland, 38 ... See full document

... The proposed macro-prudential measures announced by the Central Bank of Ireland in October are assessed in an Appendix to the Commentary by Duffy and McQuinn. The submission welcomes the principle of a ... See full document

... in economic growth and labour market stabilisation will result in higher tax revenues, our expectation is that it will continue to be difficult to reduce expenditure levels in 2013 to the extent sought by ... See full document