Banking Inquiry Report

Has been published, volumes 1 and 2 are available here.

A Brief Reminder: Macroprudential Conference this Friday, January 29th

Details of the macroprudential bank regulation conference this Friday are here. The conference begins at 10 am with an interactive poster session and a chance to meet other attendees.

Government Finance Statistics Quarterly Results

The 2015 Q3 data are available here. Dan O’Brien comments on the figures here.

Upsetting the applecart

The Apple story rumbles on meaning that almost anyone saying the X multiplied by .125 equals Y can make front-page news (provided Y is a big number of course).  In very rough terms there are three possible outcomes to the investigation:

  1. No adverse finding is made,
  2. The 1991 advance pricing agreement, as revised in 2007, is found to be ‘wrong’ and different parameters are used to allocate profit to Apple’s operations in Ireland, or
  3. Some portion, or all, of Apple’s profits (outside of the Americas) are deemed to be taxable in Ireland.

How costless was the 1970 Irish bank strike?

Here.