Published in today’s Sunday Independent.
Recovery is not reform. The government’s intended path to recovery is
a mixture of borrowing, pay cuts, and spending cuts. All recovery
plans treat the symptoms of a downturn. Global aggregate demand has
been buoyed by injections of capital by governments. There is evidence
the medicine is working. Global recovery looks in sight. Reform
however, is [...]
In 1945, many Irish people still heated their food with coal, and cooled it with ice. They lacked electricity and indoor plumbing. Today, things could hardly be more different. EC3601, Irish Economic Environment is about understanding the changes the Irish economy have undergone from the foundation of the State to today. Class is on [...]
Also tagged Celtic, Celtic Tiger, Central Statistics Office, Economics, Ireland, Irish people, Northern Ireland, Republic of IrelandImage via Wikipedia
Not entirely sure how I missed this, but my colleague Dr Tony Leddin has a piece called How wage agreements eroded competitiveness in the Irish Times describing the recent history of Ireland’s attempts to get to grips with the spiral of wage increases following inflation following wage agreements. It seems clear from [...]
Several news outlets report consumer sentiment in Ireland lifted slightly over the summer months[1, 2], mainly due, they say, to price drops because of the summer sales. Fair enough. What they don’t mention is the impact of an unchanged ECB interest rate on people’s mortgages, a fairly stable economic environment once one controls for rising [...]
Also tagged Ireland, Price of petroleum, Relative price, Republic of Ireland, Supply and demand