Latest issue of the Economic and Social Review

The Economic and Social Review has just published its latest issue at (Vol 48, No 3, Autumn 2017)

Articles

Taxation, Debt and Relative Prices in the Long Run: The Irish Experience
Vahagn Galstyan, Adnan Velic

An Irish Welcome? Changing Irish Attitudes to Immigrants
and Immigration: The Role of Recession and Immigration
Frances McGinnity, Gillian Kingston

Does the Month of Birth Affect Educational and Health Outcomes? A Population-Based Analysis Using the Northern Ireland Longitudinal Study
Stefanie Doebler, Ian Shuttleworth, Myles Gould

Policy Section Articles

Modelling the Medium- to Long-Term Potential Macroeconomic Impact of Brexit on Ireland
Adele Bergin, Abian Garcia-Rodriguez, Edgar L. W. Morgenroth, Donal Smith

How Sensitive is Irish Income Tax Revenue to Underlying Economic Activity?
Yota Deli, Derek Lambert, Martina Lawless, Kieran McQuinn, Edgar L. W. Morgenroth

Valuing Informal Care in Ireland: Beyond the Traditional Production Boundary
Paul Hanly, Corina Sheerin

The Leading Manufacturing Firms in 1920s Dublin

I am giving a public lecture to the Old Dublin Society in Pearse Street Library at 6pm tomorrow (Wednesday) on the above topic.

Details available at:
http://olddublinsociety.ie/index.php/meetings-outings/

Free admission. All welcome.

The case for pessimism: out of date?

The great advantage of a blog like this from my point of view is that it provides me with an archive of things I have written and said over the years that don’t end up on my cv. And so this is a post written primarily for my own benefit, linking to an article I wrote for the Irish Mail on Sunday in the week after the UK triggered Article 50 (there wasn’t an online version available at the time).

I was pretty pessimistic back in April — perhaps overly so. Since I was focusing on the British side, how could I not have been?  On the other hand, if I were writing the piece today I would place less stress on the economics, and more on the politics of the Border. That greatly limits the range of acceptable outcomes — but who is to say that the Irish government won’t succeed in its efforts? The recent EU paper on the subject is gratifyingly hardline in its approach to the issue: the language relating to avoiding “a hard border, including any physical border infrastructure” is exactly what we would have wanted, and has probably not been sufficiently commented-upon in Britain, ruling out as it does the Canada-US and Norway-Sweden options that some Brexiteers seem so keen on.

Since time is running out, and bespoke transitional arrangements are even less obtainable than they were a year ago, the most plausible and realistic way for the UK to avoid a cliff-edge would seem to be a transition involving the status quo, more or less.* That would kick the border issue into touch for a couple more years: and once we get to that stage, who knows what might eventually happen?

*Although I do still think that the cliff is a possibility, for the reasons stated in that column or here (sorry, more self-archiving).

Pre-Budget Statement from IFAC

The Fiscal Council’s offering in advance of Budget 2018 can be read here.